Western Africa: Tuner Block Market 2022

Tuner Block Market Size in Western Africa

The West African tuner block market dropped sharply to $X in 2021, with a decrease of -27.5% against the previous year. Over the period under review, consumption, however, posted a pronounced expansion. The level of consumption peaked at $X in 2020, and then fell markedly in the following year.

Tuner Block Production in Western Africa

In value terms, tuner block production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when the production volume increased by 111%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Tuner Block Exports

Exports in Western Africa

In 2021, the amount of tuner blocks exported in Western Africa skyrocketed to X units, jumping by 26% on the previous year. Overall, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 193%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, tuner block exports skyrocketed to $X in 2021. Over the period under review, exports posted a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 188% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Senegal dominates exports structure, accounting for X units, which was near 84% of total exports in 2021. It was distantly followed by Mali (X units), creating a 7.2% share of total exports. Nigeria (X units) and Burkina Faso (X units) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of +27.3% from 2012 to 2021. At the same time, Mali (+52.5%) and Burkina Faso (+21.4%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +52.5% from 2012-2021. By contrast, Nigeria (-10.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal and Mali increased by +61 and +6.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest tuner block supplier in Western Africa, comprising 87% of total exports. The second position in the ranking was held by Mali ($X), with a 4.9% share of total exports. It was followed by Nigeria, with a 3.2% share.

In Senegal, tuner block exports expanded at an average annual rate of +23.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+43.6% per year) and Nigeria (-11.2% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, picking up by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the export price increased by 37%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Burkina Faso ($X per unit) and Senegal ($X per unit), while Mali ($X per unit) and Nigeria ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-0.8%), while the other leaders experienced a decline in the export price figures.

Tuner Block Imports

Imports in Western Africa

In 2021, after three years of growth, there was significant decline in overseas purchases of tuner blocks, when their volume decreased by -32.3% to X units. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 96%. Over the period under review, imports reached the peak figure at X units in 2020, and then declined notably in the following year.

In value terms, tuner block imports reduced markedly to $X in 2021. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 127%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X units) and Nigeria (X units) represented the main importers of tuner blocks in 2021, reaching near 32% and 32% of total imports, respectively. Cote d'Ivoire (X units) ranks next in terms of the total imports with an 11% share, followed by Guinea (5%), Mali (5%) and Togo (4.9%). Senegal (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 Mali (with a CAGR of +38.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported tuner blocks in Western Africa, comprising 49% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 17% share of total imports. It was followed by Ghana, with a 10% share.

In Nigeria, tuner block imports expanded at an average annual rate of +5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+23.0% per year) and Ghana (-1.0% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, remaining constant against the previous year. Overall, the import price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 an increase of 38%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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