Western Africa: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2025

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Western Africa

The West African geometrical quantities electronic measurer market skyrocketed to $X in 2022, rising by 34% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Western Africa

In value terms, geometrical quantities electronic measurer production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 57%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports in Western Africa

In 2022, the amount of electronic instruments and machines for measuring geometrical quantities exported in Western Africa fell to X units, with a decrease of -6.7% against the previous year. Over the period under review, exports faced a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 105%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports totaled $X in 2022. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of electronic instruments and machines for measuring geometrical quantities, namely Ghana, Cote d'Ivoire and Nigeria, represented more than half of total export. Sierra Leone (X units) ranks next in terms of the total exports with an 11% share, followed by Burkina Faso (7.3%). The following exporters - Cabo Verde (X units) and Senegal (X units) - each accounted for a 6.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +18.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Sierra Leone ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2022, with a combined 64% share of total exports.

Cote d'Ivoire, with a CAGR of +20.6%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in Western Africa amounted to $X per unit, growing by 10% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer export price increased by +49.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

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 Sierra Leone ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+20.6%), while the other leaders experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports in Western Africa

In 2022, geometrical quantities electronic measurer imports in Western Africa skyrocketed to X units, increasing by 38% compared with 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 252%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, geometrical quantities electronic measurer imports surged to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 222% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Nigeria dominates imports structure, accounting for X units, which was approx. 86% of total imports in 2022. It was distantly followed by Niger (X units), making up a 5% share of total imports. The following importers - Ghana (X units) and Cote d'Ivoire (X units) - together made up 5.6% of total imports.

Nigeria was also the fastest-growing in terms of the electronic instruments and machines for measuring geometrical quantities imports, with a CAGR of +47.4% from 2012 to 2022. At the same time, Cote d'Ivoire (+16.7%), Niger (+9.8%) and Ghana (+6.3%) displayed positive paces of growth. While the share of Nigeria (+62 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (-3.3 p.p.), Niger (-21.1 p.p.) and Ghana (-23.8 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported electronic instruments and machines for measuring geometrical quantities in Western Africa, comprising 94% of total imports. The second position in the ranking was held by Ghana ($X), with a 2% share of total imports. It was followed by Niger, with a 1% share.

In Nigeria, geometrical quantities electronic measurer imports expanded at an average annual rate of +45.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+3.9% per year) and Niger (+6.6% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, picking up by 17% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, geometrical quantities electronic measurer import price decreased by -29.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 35% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Niger ($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 (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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