Western Africa: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Western Africa

The West African market for residential, commercial and industrial lighting fixture totaled $X in 2021, with an increase of 3.1% against the previous year. The total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.7% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Production of Residential, Commercial and Industrial Lighting Fixture in Western Africa

In value terms, production of residential, commercial and industrial lighting fixture dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded tangible growth. The growth pace was the most rapid in 2018 when the production volume increased by 41%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Western Africa

In 2021, the amount of residential, commercial and industrial lighting fixture exported in Western Africa declined notably to X units, dropping by -19.1% on the year before. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 16% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture declined markedly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 70% against the previous year. The level of export peaked at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Nigeria (X units) and Ghana (X units) represented roughly 49% of total exports in 2021. Cabo Verde (X units) ranks next in terms of the total exports with a 12% share, followed by Senegal (12%), Cote d'Ivoire (6.9%) and Saint Helena, Ascension and Tristan da Cunha (4.5%). Niger (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cabo Verde (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Cabo Verde ($X) were the countries with the highest levels of exports in 2021, together accounting for 58% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +45.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, dropping by -16.5% against the previous year. Export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture decreased by -17.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 46%. The level of export peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Ghana ($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 (+18.4%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Western Africa

In 2021, the amount of residential, commercial and industrial lighting fixture imported in Western Africa reached X units, almost unchanged from the year before. Over the period under review, imports, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 50%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of residential, commercial and industrial lighting fixture, namely Nigeria, Cote d'Ivoire, Senegal, Ghana and Guinea, represented more than two-thirds of total import. Mali (X units) and Mauritania (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X) were the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. Guinea, Nigeria, Mauritania and Mali lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Guinea, with a CAGR of +24.8%, 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, jumping by 81% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when the import price increased by 214% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

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 Mauritania ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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