Western Africa: Video Monitor Market 2025

Video Monitor Market Size in Western Africa

After three years of growth, the West African video monitor market decreased by -9.4% to $X in 2021. The total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.2% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.

Video Monitor Production in Western Africa

In value terms, video monitor production declined to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +89.5% against 2014 indices. The growth pace was the most rapid in 2016 when the production volume increased by 37% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Video Monitor Exports

Exports in Western Africa

In 2021, shipments abroad of video monitors increased by 58% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 98%. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, video monitor exports soared to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.3% against 2019 indices. The level of export peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Senegal was the key exporter of video monitors in Western Africa, with the volume of exports accounting for X units, which was near 40% of total exports in 2021. Nigeria (X units) ranks second in terms of the total exports with a 17% share, followed by Cote d'Ivoire (13%), Liberia (7.9%) and Ghana (6.7%). Burkina Faso (X units) and Niger (X units) held a minor share of total exports.

Exports from Senegal increased at an average annual rate of +22.7% from 2012 to 2021. At the same time, Cote d'Ivoire (+37.5%), Liberia (+32.7%), Burkina Faso (+31.0%), Niger (+13.2%) and Ghana (+12.9%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +37.5% from 2012-2021. Nigeria experienced a relatively flat trend pattern. While the share of Senegal (+26 p.p.), Cote d'Ivoire (+11 p.p.), Liberia (+6.6 p.p.), Burkina Faso (+3.3 p.p.) and Ghana (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nigeria (-21.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest video monitor supplying countries in Western Africa were Liberia ($X), Nigeria ($X) and Cote d'Ivoire ($X), with a combined 56% share of total exports.

Liberia, with a CAGR of +47.6%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, shrinking by -9.7% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2019 an increase of 44%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

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

Video Monitor Imports

Imports in Western Africa

In 2021, after two years of decline, there was significant growth in supplies from abroad of video monitors, when their volume increased by 48% to X units. Over the period under review, imports, however, recorded a abrupt shrinkage. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, video monitor imports skyrocketed to $X in 2021. In general, imports, however, saw a noticeable downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Cote d'Ivoire (X units), distantly followed by Senegal (X units), Nigeria (X units) and Ghana (X units) represented the major importers of video monitors, together comprising 86% of total imports. The following importers - Mali (X units), Burkina Faso (X units) and Togo (X units) - together made up 7.2% of total imports.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +35.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest video monitor importing markets in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X), together comprising 67% of total imports. These countries were followed by Senegal, Mali, Burkina Faso and Togo, which together accounted for a further 16%.

In terms of the main importing countries, Mali, with a CAGR of +15.5%, saw the highest growth rate of 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

The import price in Western Africa stood at $X per unit in 2021, with an increase of 15% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, video monitor import price increased by +98.9% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by 41% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per unit), while Senegal ($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 (+26.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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