Western Africa: Market for Optical Fibers, Bundles and Cables 2024

Market Size for Optical Fibers, Bundles and Cables in Western Africa

In 2022, the West African market for optical fibers, bundles and cables increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Optical Fibers, Bundles and Cables in Western Africa

In value terms, optical fiber, bundle and cable production shrank to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Optical Fibers, Bundles and Cables

Exports in Western Africa

In 2022, after two years of decline, there was significant growth in overseas shipments of optical fibers, bundles and cables, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, optical fiber, bundle and cable exports amounted to $X in 2022. Overall, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire was the major exporting country with an export of about X tons, which amounted to X% of total exports. Togo (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). Senegal (X tons) and Guinea (X tons) held a minor share of total exports.

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

In value terms, Cote d'Ivoire ($X) remains the largest optical fiber, bundle and cable supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Cote d'Ivoire, optical fiber, bundle and cable exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 (X%), while the other leaders experienced a decline in the export price figures.

Imports of Optical Fibers, Bundles and Cables

Imports in Western Africa

In 2022, supplies from abroad of optical fibers, bundles and cables increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed mild growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, optical fiber, bundle and cable imports surged to $X in 2022. Overall, imports continue to indicate a mild expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the key importer of optical fibers, bundles and cables in Western Africa, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Burkina Faso (X tons), Mauritania (X tons), Ghana (X tons) and Niger (X tons). All these countries together took approx. X% share of total imports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to optical fiber, bundle and cable imports into Nigeria stood at X%. At the same time, Burkina Faso (X%), Senegal (X%), Mauritania (X%), Niger (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.), Mauritania (X p.p.), Senegal (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, optical fiber, bundle and cable imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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