Report Update Nov 1, 2024

Western Africa - Glass Electrical Insulators - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Glass Electrical Insulator Market 2024

Glass Electrical Insulator Exports

Exports in Western Africa

For the third year in a row, Western Africa recorded growth in shipments abroad of glass electrical insulators, which increased by 92% to X units in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, glass electrical insulator exports shrank notably to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 48% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Benin was the major exporter of glass electrical insulators in Western Africa, with the volume of exports reaching X units, which was near 82% of total exports in 2021. It was distantly followed by Nigeria (X units), achieving an 18% share of total exports.

Benin experienced a relatively flat trend pattern with regard to volume of exports of glass electrical insulators. Nigeria (-65.0%) illustrated a downward trend over the same period. Benin (+81 p.p.) and Nigeria (+17 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest glass electrical insulator supplying countries in Western Africa were Benin ($X) and Nigeria ($X).

Among the main exporting countries, Benin, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, reducing by -65.4% against the previous year. In general, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 780% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Benin stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-28.2%).

Glass Electrical Insulator Imports

Imports in Western Africa

In 2021, after three years of growth, there was decline in purchases abroad of glass electrical insulators, when their volume decreased by -2.5% to X units. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 126%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, glass electrical insulator imports reduced notably to $X in 2021. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 117% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Nigeria was the key importing country with an import of about X units, which accounted for 46% of total imports. It was distantly followed by Cote d'Ivoire (X units) and Guinea (X units), together achieving a 40% share of total imports. Togo (X units), Mauritania (X units) and Gambia (X units) held a minor share of total imports.

Imports into Nigeria increased at an average annual rate of +30.8% from 2012 to 2021. At the same time, Gambia (+75.8%), Guinea (+52.2%), Togo (+24.7%), Cote d'Ivoire (+21.3%) and Mauritania (+16.5%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +75.8% from 2012-2021. Nigeria (+22 p.p.), Guinea (+15 p.p.) and Gambia (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Mauritania saw its share reduced by -1.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported glass electrical insulators in Western Africa, comprising 44% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 18% share of total imports. It was followed by Guinea, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria totaled +23.7%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+9.1% per year) and Guinea (+21.6% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, falling by -15.4% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by 29%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

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 Mauritania ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+14.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass electrical insulators in Western Africa?

The country with the largest volume of glass electrical insulator consumption was Cote d'Ivoire, comprising approx. 45% of total volume. Moreover, glass electrical insulator consumption in Cote d'Ivoire exceeded the figures recorded by the second-largest consumer, Guinea, twofold. The third position in this ranking was occupied by Sierra Leone, with a 7.8% share.

What are the leading importers of glass electrical insulators in Western Africa?

In value terms, Cote d'Ivoire constitutes the largest market for imported glass electrical insulators in Western Africa, comprising 49% of total imports. The second position in the ranking was occupied by Guinea, with a 16% share of total imports. It was followed by Sierra Leone, with a 7.6% share.

What is the average export price for glass electrical insulators in Western Africa?

The export price in Western Africa stood at $4.1 per unit in 2017, shrinking by -20.4% against the previous year.

What is the average import price for glass electrical insulators in Western Africa?

In 2021, the i in Western Africa amounted to $2.4 per unit, reducing by -8.9% against the previous year.

This report provides an in-depth analysis of the glass electrical insulator 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 23192500 - Glass electrical insulators (excluding insulating fittings (other than insulators) for electrical machinery, appliances or equipment)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
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, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023