Report Update Feb 1, 2025

Western Africa - Electric Storage Heating Radiators - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Electric Heating Radiator Market 2025

Electric Heating Radiator Market Size in Western Africa

In 2021, after two years of growth, there was significant decline in the West African electric heating radiator market, when its value decreased by -23.5% to $X. In general, consumption, however, showed a pronounced setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Heating Radiator Production in Western Africa

In value terms, electric heating radiator production shrank slightly to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 824% against the previous year. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Electric Heating Radiator Exports

Exports in Western Africa

In 2017, the amount of electric storage heating radiators exported in Western Africa soared to X units, picking up by 105% compared with the year before. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 247% against the previous year. Over the period under review, the exports attained the maximum in 2017 and are likely to see gradual growth in the near future.

In value terms, electric heating radiator exports surged to $X in 2017. Overall, exports, however, saw a sharp curtailment. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2017, the exports stood at a somewhat lower figure.

Export Prices by Country

In 2017, the export price in Western Africa amounted to $X per unit, growing by 28% against the previous year. In general, the export price, however, continues to indicate a significant curtailment. The level of export peaked at $X per unit in 2015; however, from 2016 to 2017, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2015 to 2017, the rate of growth in terms of prices for Senegal amounted to -5.3% per year.

Electric Heating Radiator Imports

Imports in Western Africa

In 2021, the amount of electric storage heating radiators imported in Western Africa surged to X units, picking up by 211% on 2020. Over the period under review, imports showed a mild increase. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, electric heating radiator imports contracted sharply to $X in 2021. In general, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 2,641%. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Nigeria dominates imports structure, finishing at X units, which was approx. 86% of total imports in 2021. It was distantly followed by Ghana (X units), achieving a 6.5% share of total imports. Burkina Faso (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the electric storage heating radiators imports, with a CAGR of +4.9% from 2012 to 2021. Burkina Faso (-7.3%), Ghana (-8.3%) and Cote d'Ivoire (-16.7%) illustrated a downward trend over the same period. Nigeria (+24 p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso, Cote d'Ivoire and Ghana saw its share reduced by -4.3%, -7.1% and -9.2% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported electric storage heating radiators in Western Africa, comprising 85% of total imports. The second position in the ranking was taken by Ghana ($X), with a 5.3% share of total imports. It was followed by Burkina Faso, with a 1% share.

In Nigeria, electric heating radiator imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-4.3% per year) and Burkina Faso (-21.2% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, declining by -95.4% against the previous year. In general, the import price recorded a noticeable reduction. The growth pace was the most rapid in 2020 when the import price increased by 2,527%. As a result, import price reached the peak level of $X per unit, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric storage heating radiators in Western Africa?

The countries with the highest volumes of electric heating radiator consumption in 2020 were Ghana, Cote d'Ivoire and Senegal, together accounting for 70% of total consumption. These countries were followed by Liberia, Nigeria, Niger and Guinea-Bissau, which together accounted for a further 29%.

What are the largest producers of electric storage heating radiators in Western Africa?

The countries with the highest volumes of electric heating radiator production in 2020 were Ghana, Cote d'Ivoire and Senegal, together accounting for 83% of total production. These countries were followed by Liberia and Guinea-Bissau, which together accounted for a further 17%.

What are the leading exporters of electric storage heating radiators in Western Africa?

In value terms, Ghana emerged as the largest electric heating radiator supplier in Western Africa, comprising 94% of total exports. The second position in the ranking was occupied by Cote d'Ivoire $459), with a 3.6% share of total exports.

What are the leading importers of electric storage heating radiators in Western Africa?

In value terms, Niger constitutes the largest market for imported electric storage heating radiators in Western Africa, comprising 66% of total imports. The second position in the ranking was occupied by Nigeria, with a 29% share of total imports.

What is the average export price for electric storage heating radiators in Western Africa?

The electric heating radiator export price in Western Africa stood at $289 per unit in 2019, growing by 509% against the previous year.

What is the average import price for electric storage heating radiators in Western Africa?

The electric heating radiator import price in Western Africa stood at $58 per unit in 2020, dropping by -21.5% against the previous year.

This report provides an in-depth analysis of the electric heating radiator market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27512630 - Electric storage heating radiators

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024