Western Africa: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Western Africa

The West African non-electronic hydro- and hygrometers market expanded modestly to $X in 2021, surging by 3.9% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Non-Electronic Hydro-, Hygro-, Psychrometers in Western Africa

In value terms, non-electronic hydro- and hygrometers production rose modestly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The growth pace was the most rapid in 2018 when the production volume increased by 70% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports in Western Africa

In 2021, non-electronic hydro- and hygrometers exports in Western Africa fell notably to X units, waning by -20% on 2020 figures. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 58%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports dropped remarkably to $X in 2021. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when exports increased by 59%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Ghana (X units) and Guinea (X units) dominates exports structure, together making up 73% of total exports. Cote d'Ivoire (X units) took the next position in the ranking, followed by Nigeria (X units). All these countries together took near 16% share of total exports. The following exporters - Benin (X units), Burkina Faso (X units) and Mauritania (X units) - each reached a 5.5% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +32.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the largest non-electronic hydro- and hygrometers supplier in Western Africa, comprising 48% of total exports. The second position in the ranking was taken by Guinea ($X), with an 18% share of total exports. It was followed by Ghana, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Cote d'Ivoire totaled +32.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (+27.6% per year) and Ghana (+13.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, shrinking by -12.6% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electronic hydro- and hygrometers export price decreased by -33.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 52%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat 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 Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+20.5%), while the other leaders experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports in Western Africa

In 2021, supplies from abroad of non-electronic hydro-, hygro-, psychrometers increased by 6.1% to X units, rising for the second year in a row after two years of decline. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 82% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, non-electronic hydro- and hygrometers imports declined to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 38% against the previous year. 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 dominates imports structure, accounting for X units, which was approx. 73% of total imports in 2021. It was distantly followed by Senegal (X units) and Ghana (X units), together committing a 13% share of total imports. The following importers - Cote d'Ivoire (X units), Burkina Faso (X units) and Mauritania (X units) - together made up 9.5% of total imports.

Nigeria was also the fastest-growing in terms of the non-electronic hydro-, hygro-, psychrometers imports, with a CAGR of +19.4% from 2012 to 2021. At the same time, Mauritania (+16.5%), Senegal (+12.1%) and Burkina Faso (+10.5%) displayed positive paces of growth. By contrast, Cote d'Ivoire (-8.2%) and Ghana (-11.6%) illustrated a downward trend over the same period. While the share of Nigeria (+44 p.p.) and Senegal (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cote d'Ivoire (-12.7 p.p.) and Ghana (-27 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-electronic hydro-, hygro-, psychrometers in Western Africa, comprising 40% of total imports. The second position in the ranking was held by Ghana ($X), with a 14% share of total imports. It was followed by Cote d'Ivoire, with an 11% share.

In Nigeria, non-electronic hydro- and hygrometers imports increased at an average annual rate of +6.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-5.0% per year) and Cote d'Ivoire (-6.0% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, shrinking by -10.7% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the import price increased by 42% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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