Report Update Feb 1, 2025

Western Africa - Single Loudspeakers (In Enclosure) - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Loudspeaker Market 2025

Loudspeaker Exports

Exports in Western Africa

In 2021, shipments abroad of single loudspeakers (in enclosure) was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 94% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, loudspeaker exports skyrocketed to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of single loudspeakers (in enclosure), namely Togo, Nigeria and Cote d'Ivoire, represented more than two-thirds of total export. Liberia (X units), Benin (X units), Senegal (X units) and Ghana (X units) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Liberia (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the largest loudspeaker supplier in Western Africa, comprising 53% of total exports. The second position in the ranking was held by Nigeria ($X), with a 21% share of total exports. It was followed by Cote d'Ivoire, with a 17% share.

In Togo, loudspeaker exports expanded at an average annual rate of +17.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Nigeria (+15.1% per year) and Cote d'Ivoire (+0.7% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, rising by 37% against the previous year. In general, the export price saw a resilient increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 46% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Togo ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+11.3%), while the other leaders experienced more modest paces of growth.

Loudspeaker Imports

Imports in Western Africa

In 2021, loudspeaker imports in Western Africa soared to X units, rising by 16% compared with 2020 figures. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 224%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, loudspeaker imports expanded markedly to $X in 2021. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 104% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

The purchases of the three major importers of single loudspeakers (in enclosure), namely Cote d'Ivoire, Ghana and Senegal, represented more than two-thirds of total import. It was distantly followed by Nigeria (X units), achieving a 9.4% share of total imports. Benin (X units), Guinea (X units) and Mauritania (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Senegal (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest loudspeaker importing markets in Western Africa were Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X), with a combined 76% share of total imports.

Senegal, with a CAGR of +56.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, waning by -7.3% against the previous year. In general, the import price showed a slight slump. The most prominent rate of growth was recorded in 2013 an increase of 54%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guinea ($X per unit), while Cote d'Ivoire ($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 (+16.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for single loudspeakers (in enclosure) in Western Africa?

The countries with the highest volumes of loudspeaker consumption in 2020 were Ghana, Nigeria and Cabo Verde, together accounting for 75% of total consumption.

What are the largest producers of single loudspeakers (in enclosure) in Western Africa?

The country with the largest volume of loudspeaker production was Gambia, accounting for 100% of total volume.

What are the leading suppliers of single loudspeakers (in enclosure) in Western Africa?

In value terms, Togo, Nigeria and Cote d'Ivoire constituted the countries with the highest levels of exports in 2020, together comprising 72% of total exports.

What are the leading importers of single loudspeakers (in enclosure) in Western Africa?

In value terms, Ghana constitutes the largest market for imported single loudspeakers in enclosure) in Western Africa, comprising 54% of total imports. The second position in the ranking was occupied by Nigeria, with a 13% share of total imports. It was followed by Cote d'Ivoire, with a 10% share.

What is the average export price for single loudspeakers (in enclosure) in Western Africa?

The loudspeaker export price in Western Africa stood at $20 per unit in 2020, declining by -21% against the previous year.

What is the average import price for single loudspeakers (in enclosure) in Western Africa?

In 2020, the loudspeaker import price in Western Africa amounted to $2.2 per unit, with an increase of 29% against the previous year.

This report provides an in-depth analysis of the loudspeaker market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26404235 - Single loudspeakers mounted in their enclosures (including frames or cabinets mainly designed for mounting loudspeakers)

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024