Western Africa: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in Western Africa

In 2021, the amount of electro-thermic appliances or domestic purposes exported in Western Africa stood at X units, picking up by 13% compared with the year before. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 40%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes exports declined to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units), Ghana (X units), Nigeria (X units), Benin (X units), Sierra Leone (X units) and Togo (X units) represented roughly 83% of total exports in 2021. It was distantly followed by Mauritania (X units), constituting a 4.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cote d'Ivoire (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest electro-thermic appliances or domestic purposes supplier in Western Africa, comprising 33% of total exports. The second position in the ranking was taken by Ghana ($X), with an 11% share of total exports. It was followed by Benin, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Cote d'Ivoire totaled +18.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (-5.0% per year) and Benin (+11.7% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, dropping by -19.2% against the previous year. Overall, the export price recorded a perceptible contraction. The growth pace was the most rapid in 2013 an increase of 48% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Cote d'Ivoire ($X per unit), while Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+23.5%), while the other leaders experienced a decline in the export price figures.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in Western Africa

In 2021, overseas purchases of electro-thermic appliances or domestic purposes increased by 8% to X units, rising for the third year in a row after four years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 77% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes imports reached $X in 2021. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Ghana (X units) and Nigeria (X units) dominates imports structure, together comprising 80% of total imports. It was distantly followed by Guinea (X units), creating a 6.9% share of total imports. Cote d'Ivoire (X units), Liberia (X units), Senegal (X units) and Sierra Leone (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Guinea (with a CAGR of +59.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electro-thermic appliances or domestic purposes importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 78% share of total imports. These countries were followed by Guinea, Senegal, Liberia and Sierra Leone, which together accounted for a further 15%.

In terms of the main importing countries, Guinea, with a CAGR of +26.6%, saw 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

In 2021, the import price in Western Africa amounted to $X per unit, picking up by 4% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 75%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Senegal ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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