Western Africa: Levels Market 2024

Levels Market Size in Western Africa

The West African levels market fell sharply to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, posted a resilient expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Levels Production in Western Africa

In value terms, levels production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Levels Exports

Exports in Western Africa

In 2022, exports of levels in Western Africa rose rapidly to X units, growing by X% against 2021 figures. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, levels exports contracted slightly to $X in 2022. Over the period under review, exports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Senegal (X units), distantly followed by Guinea (X units), Nigeria (X units), Ghana (X units), Cabo Verde (X units), Burkina Faso (X units) and Cote d'Ivoire (X units) were the largest exporters of levels, together committing X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guinea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest levels supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Levels Imports

Imports in Western Africa

For the third consecutive year, Western Africa recorded decline in purchases abroad of levels, which decreased by X% to X units in 2022. Overall, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, levels imports shrank sharply to $X in 2022. Over the period under review, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the key importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Cote d'Ivoire (X units), achieving a X% share of total imports. Ghana (X units), Senegal (X units) and Guinea (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to levels imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Senegal (X%), Ghana (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported levels in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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