Western Africa: Market for Optical Fibers and Bundles 2025

Market Size for Optical Fibers and Bundles in Western Africa

The West African optical fiber and bundle market shrank to $X in 2022, dropping by -9.3% against the previous year. Over the period under review, consumption enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Optical Fibers and Bundles in Western Africa

In value terms, optical fiber and bundle production declined to $X in 2022 estimated in export price. Overall, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Optical Fibers and Bundles

Exports in Western Africa

In 2022, approx. X tons of optical fibers and bundles were exported in Western Africa; growing by 421% on 2021. Over the period under review, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, optical fiber and bundle exports shrank to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 132% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Togo (X kg) and Nigeria (X kg) prevails in exports structure, together achieving 89% of total exports. It was distantly followed by Sierra Leone (X kg), making up a 5.7% share of total exports. Guinea (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the largest optical fiber and bundle supplier in Western Africa, comprising 57% of total exports. The second position in the ranking was held by Togo ($X), with a 17% share of total exports. It was followed by Guinea, with an 11% share.

In Nigeria, optical fiber and bundle exports increased at an average annual rate of +37.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (+13.8% per year) and Guinea (+23.7% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by -82.3% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 an increase of 300% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 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 Guinea ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Optical Fibers and Bundles

Imports in Western Africa

In 2022, supplies from abroad of optical fibers and bundles increased by 41% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 801% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, optical fiber and bundle imports rose notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 310% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Nigeria prevails in imports structure, recording X tons, which was approx. 87% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), mixing up a 4.9% share of total imports. The following importers - Ghana (X tons) and Guinea (X tons) - together made up 5.8% of total imports.

Imports into Nigeria increased at an average annual rate of +12.0% from 2012 to 2022. At the same time, Guinea (+49.8%), Cote d'Ivoire (+37.4%) and Ghana (+35.5%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +49.8% from 2012-2022. Cote d'Ivoire (+4.2 p.p.), Ghana (+3.2 p.p.) and Guinea (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -8% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported optical fibers and bundles in Western Africa, comprising 64% of total imports. The second position in the ranking was taken by Ghana ($X), with a 14% share of total imports. It was followed by Cote d'Ivoire, with a 7.9% share.

In Nigeria, optical fiber and bundle imports plunged by an average annual rate of -3.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+21.5% per year) and Cote d'Ivoire (+22.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, which is down by -18.6% against the previous year. In general, the import price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the import price increased by 90%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the 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 Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-10.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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