Western Africa: Liquid Supply Meter Market 2025

Liquid Supply Meter Market Size in Western Africa

In 2021, the West African liquid supply meter market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Liquid Supply Meter Production in Western Africa

In value terms, liquid supply meter production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Liquid Supply Meter Exports

Exports in Western Africa

In 2021, exports of liquid supply or production meters in Western Africa reduced to X units, declining by -14.2% compared with the year before. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 14,165% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid supply meter exports shrank rapidly to $X in 2021. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 173%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal prevails in exports structure, accounting for X units, which was near 93% of total exports in 2021. Cote d'Ivoire (X units) and Niger (X units) followed a long way behind the leaders.

Exports from Senegal decreased at an average annual rate of -7.1% from 2012 to 2021. At the same time, Cote d'Ivoire (+30.0%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +30.0% from 2012-2021. Niger experienced a relatively flat trend pattern. Cote d'Ivoire (+3.4 p.p.) and Niger (+1.7 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 liquid supply meter supplying countries in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Niger ($X), with a combined 59% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of -4.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, reducing by -43.3% against the previous year. In general, the export price showed a abrupt setback. The growth pace was the most rapid in 2015 an increase of 10,605% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, 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 Cote d'Ivoire ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-10.6%).

Liquid Supply Meter Imports

Imports in Western Africa

In 2021, the amount of liquid supply or production meters imported in Western Africa surged to X units, jumping by 50% compared with 2020 figures. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 102% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, liquid supply meter imports stood at $X in 2021. Overall, imports enjoyed a moderate increase. The pace of growth appeared the most rapid in 2017 with an increase of 84%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cote d'Ivoire (X units) was the key importer of liquid supply or production meters, committing 48% of total imports. Nigeria (X units) held a 29% share (based on physical terms) of total imports, which put it in second place, followed by Niger (6.5%) and Mali (5.2%). The following importers - Senegal (X units), Benin (X units) and Cabo Verde (X units) - together made up 8.4% of total imports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +54.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid supply meter importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X), together accounting for 62% of total imports. These countries were followed by Benin, Mali, Niger and Cabo Verde, which together accounted for a further 17%.

Among the main importing countries, Mali, with a CAGR of +26.0%, recorded the highest rates of growth with regard to 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, with a decrease of -29.9% against the previous year. Over the period under review, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by 52% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, 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 Senegal ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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