Western Africa: Electricity Supply Meter Market 2024

Electricity Supply Meter Market Size in Western Africa

The West African electricity supply meter market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a moderate increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electricity Supply Meter Production in Western Africa

In value terms, electricity supply meter production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Electricity Supply Meter Exports

Exports in Western Africa

In 2022, electricity supply meter exports in Western Africa reduced remarkably to X units, with a decrease of X% against the previous year's figure. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electricity supply meter exports declined rapidly to $X in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Mali represented the main exporter of electricity supply or production meters in Western Africa, with the volume of exports accounting for X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%) and Sierra Leone (X%). Nigeria (X units) held a minor share of total exports.

Mali was also the fastest-growing in terms of the electricity supply or production meters exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) and Sierra Leone (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.), Togo (X p.p.), Sierra Leone (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Mali ($X), Cote d'Ivoire ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price saw a mild shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Electricity Supply Meter Imports

Imports in Western Africa

Electricity supply meter imports expanded remarkably to X units in 2022, increasing by X% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, electricity supply meter imports contracted to $X in 2022. In general, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Ghana (X units) and Cote d'Ivoire (X units) were the main importers of electricity supply or production meters in 2022, amounting to approx. X% and X% of total imports, respectively. Senegal (X units) ranks next in terms of the total imports with an X% share, followed by Burkina Faso (X%). Liberia (X units), Sierra Leone (X units), Nigeria (X units), Togo (X units), Guinea (X units) and Mali (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Senegal, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2013 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Mali ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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