Western Africa: Telephone Apparatus Market 2022

Telephone Apparatus Exports

Exports in Western Africa

In 2021, the amount of telephone apparatus exported in Western Africa skyrocketed to X tons, increasing by 23% on the previous year's figure. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.8% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 78%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, telephone apparatus exports reduced to $X in 2021. In general, exports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 43%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria was the largest exporter of telephone apparatus in Western Africa, with the volume of exports recording X tons, which was near 52% of total exports in 2021. Ghana (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Benin (13%) and Mali (4.5%). The following exporters - Cote d'Ivoire (X tons) and Senegal (X tons) - together made up 6.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to telephone apparatus exports from Nigeria stood at +2.3%. At the same time, Benin (+33.0%), Ghana (+3.3%) and Mali (+1.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +33.0% from 2012-2021. Cote d'Ivoire and Senegal experienced a relatively flat trend pattern. While the share of Benin (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nigeria (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest telephone apparatus supplier in Western Africa, comprising 52% of total exports. The second position in the ranking was taken by Ghana ($X), with a 15% share of total exports. It was followed by Cote d'Ivoire, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at -2.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+0.5% per year) and Cote d'Ivoire (-1.7% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, shrinking by -30.4% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when the export price increased by 35%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-2.1%), while the other leaders experienced a decline in the export price figures.

Telephone Apparatus Imports

Imports in Western Africa

In 2021, the amount of telephone apparatus imported in Western Africa contracted slightly to X tons, remaining constant against the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 32%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, telephone apparatus imports fell dramatically to $X in 2021. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 9.8%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the main importer of telephone apparatus in Western Africa, with the volume of imports reaching X tons, which was approx. 46% of total imports in 2021. It was distantly followed by Ghana (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Mali (X tons), together making up a 38% share of total imports. The following importers - Guinea (X tons), Benin (X tons), Togo (X tons) and Burkina Faso (X tons) - together made up 10% of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of telephone apparatus. At the same time, Togo (+16.1%), Senegal (+8.1%), Benin (+4.4%) and Guinea (+2.8%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +16.1% from 2012-2021. Mali, Ghana and Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Burkina Faso (-3.9%) illustrated a downward trend over the same period. While the share of Senegal (+5.6 p.p.) and Togo (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nigeria (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported telephone apparatus in Western Africa, comprising 44% of total imports. The second position in the ranking was held by Ghana ($X), with a 13% share of total imports. It was followed by Senegal, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at -7.9%. In the other countries, the average annual rates were as follows: Ghana (-3.7% per year) and Senegal (+5.3% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, waning by -30.5% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 17%. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guinea ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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