Western Africa: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Western Africa

The West African electronic lamp machine market surged to $X in 2021, picking up by 36% against the previous year. In general, consumption continues to indicate a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Electronic Lamp Machine Production in Western Africa

In value terms, electronic lamp machine production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 with an increase of 7.8%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Electronic Lamp Machine Exports

Exports in Western Africa

In 2020, overseas shipments of machines for electric or electronic lamps, tubes, valves or flashbulbs decreased by -92.5% to X units, falling for the second year in a row after four years of growth. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 567% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, electronic lamp machine exports reduced sharply to $X in 2020. Over the period under review, exports saw a precipitous slump. The growth pace was the most rapid in 2013 with an increase of 952%. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria represented the key exporter of machines for electric or electronic lamps, tubes, valves or flashbulbs in Western Africa, with the volume of exports accounting for X units, which was approx. 75% of total exports in 2020. It was distantly followed by Ghana (X units), achieving a 25% share of total exports.

From 2012 to 2020, average annual rates of growth with regard to electronic lamp machine exports from Nigeria stood at -32.5%. At the same time, Ghana (+41.4%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +41.4% from 2012-2020. Ghana (+25 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -24.3% from 2012 to 2020, respectively.

From 2012 to 2020, the average annual rate of growth in terms of value in Nigeria amounted to -26.6%.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2020, rising by 785% against the previous year. In general, the export price enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 3,803% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2020, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Ghana ($X per unit), while Nigeria amounted to $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Ghana (+13.8%).

Electronic Lamp Machine Imports

Imports in Western Africa

In 2021, the amount of machines for electric or electronic lamps, tubes, valves or flashbulbs imported in Western Africa soared to X units, jumping by 119% on the previous year's figure. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 297% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, electronic lamp machine imports surged to $X in 2021. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 235%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, amounting to X units, which was approx. 84% of total imports in 2021. It was distantly followed by Burkina Faso (X units), making up a 9.4% share of total imports. Ghana (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electronic lamp machine imports into Nigeria stood at +20.9%. At the same time, Burkina Faso (+64.0%) and Ghana (+24.9%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +64.0% from 2012-2021. Nigeria (+15 p.p.) and Burkina Faso (+8.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for electric or electronic lamps, tubes, valves or flashbulbs in Western Africa, comprising 89% of total imports. The second position in the ranking was held by Ghana ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +9.7%. In the other countries, the average annual rates were as follows: Ghana (-3.7% per year) and Burkina Faso (+14.9% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, dropping by -10.1% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the import price increased by 85%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-9.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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