Western Africa: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Western Africa

The West African electric heating equipment market amounted to $X in 2022, surging by 5.5% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Heating Equipment Production in Western Africa

In value terms, electric heating equipment production rose remarkably to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Electric Heating Equipment Exports

Exports in Western Africa

After two years of growth, shipments abroad of electric space heating apparatus and soil heating apparatus decreased by -51.1% to X units in 2022. In general, exports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2020 when exports increased by 96% against the previous year. The volume of export peaked at X units in 2021, and then fell sharply in the following year.

In value terms, electric heating equipment exports reduced sharply to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 103% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Exports by Country

Cote d'Ivoire (X units) and Cabo Verde (X units) represented roughly 71% of total exports in 2022. It was distantly followed by Nigeria (X units) and Sierra Leone (X units), together generating a 24% share of total exports. Togo (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +23.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest electric heating equipment supplier in Western Africa, comprising 75% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 16% share of total exports. It was followed by Cabo Verde, with a 5.5% share.

In Cote d'Ivoire, electric heating equipment exports contracted by an average annual rate of -1.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+20.5% per year) and Cabo Verde (+31.7% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, with a decrease of -41% against the previous year. Over the period under review, the export price showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when the export price increased by 233% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-1.6%), while the other leaders experienced a decline in the export price figures.

Electric Heating Equipment Imports

Imports in Western Africa

In 2022, the amount of electric space heating apparatus and soil heating apparatus imported in Western Africa skyrocketed to X units, with an increase of 66% against 2021 figures. In general, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 93%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, electric heating equipment imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 with an increase of 160%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria (X units) and Ghana (X units) were the major importers of electric space heating apparatus and soil heating apparatus in 2022, resulting at approx. 40% and 28% of total imports, respectively. Cote d'Ivoire (X units) held the next position in the ranking, followed by Senegal (X units). All these countries together held approx. 20% share of total imports. The following importers - Mali (X units) and Gambia (X units) - each recorded a 5.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of +23.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported electric space heating apparatus and soil heating apparatus in Western Africa, comprising 51% of total imports. The second position in the ranking was taken by Ghana ($X), with a 22% share of total imports. It was followed by Senegal, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Ghana (-0.4% per year) and Senegal (+12.1% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, reducing by -15.7% against the previous year. Overall, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 56% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+17.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :