Western Africa: Market for Wiring sets used in vehicles, aircraft or ships 2025

Market Size for Wiring sets used in vehicles, aircraft or ships in Western Africa

The West African market for wiring sets used in vehicles, aircraft or ships expanded to $X in 2022, surging by 4.2% against the previous year. Overall, consumption recorded a resilient expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wiring sets used in vehicles, aircraft or ships in Western Africa

In value terms, production of wiring sets used in vehicles, aircraft or ships rose to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 43% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports in Western Africa

In 2022, approx. X tons of wiring sets used in vehicles, aircraft or ships were exported in Western Africa; surging by 8.3% on the previous year's figure. Over the period under review, exports showed pronounced growth. The pace of growth was the most pronounced in 2015 with an increase of 178%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships contracted to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when exports increased by 62%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania represented the key exporting country with an export of around X tons, which reached 59% of total exports. Niger (X kg) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (9.8%) and Ghana (9.7%). Mali (X kg), Guinea (X kg) and Cote d'Ivoire (X kg) took a relatively small share of total exports.

Exports from Mauritania increased at an average annual rate of +24.5% from 2012 to 2022. At the same time, Niger (+46.5%), Cote d'Ivoire (+18.3%), Mali (+15.5%), Guinea (+12.2%) and Ghana (+11.7%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +46.5% from 2012-2022. By contrast, Nigeria (-11.2%) illustrated a downward trend over the same period. While the share of Mauritania (+49 p.p.), Niger (+9.7 p.p.), Ghana (+4.8 p.p.), Mali (+2.3 p.p.), Guinea (+1.6 p.p.) and Cote d'Ivoire (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (-39.5 p.p.) displayed negative dynamics.

In value terms, Mauritania ($X) remains the largest wiring sets used in vehicles, aircraft or ships supplier in Western Africa, comprising 46% of total exports. The second position in the ranking was taken by Niger ($X), with a 17% share of total exports. It was followed by Nigeria, with a 9.4% share.

In Mauritania, exports of wiring sets used in vehicles, aircraft or ships increased at an average annual rate of +15.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (+44.4% per year) and Nigeria (-1.1% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, reducing by -15.7% against the previous year. Export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wiring sets used in vehicles, aircraft or ships increased by +14.4% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 90% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+11.4%), while the other leaders experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports in Western Africa

In 2022, imports of wiring sets used in vehicles, aircraft or ships in Western Africa dropped remarkably to X tons, with a decrease of -18.1% on the previous year's figure. In general, imports, however, continue to indicate a tangible expansion. The growth pace was the most rapid in 2019 with an increase of 147% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships totaled $X in 2022. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2019 with an increase of 274% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which accounted for 50% of total imports. Ghana (X tons) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (5.5%) and Togo (4.6%). The following importers - Mauritania (X tons), Burkina Faso (X tons) and Guinea (X tons) - together made up 9.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to wiring sets used in vehicles, aircraft or ships imports into Nigeria stood at +4.3%. At the same time, Togo (+67.3%), Mauritania (+18.7%) and Ghana (+4.3%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +67.3% from 2012-2022. By contrast, Guinea (-7.1%), Cote d'Ivoire (-8.5%) and Burkina Faso (-10.2%) illustrated a downward trend over the same period. While the share of Nigeria (+10 p.p.), Togo (+4.6 p.p.), Ghana (+4.4 p.p.) and Mauritania (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (-4.1 p.p.), Burkina Faso (-7.4 p.p.) and Cote d'Ivoire (-10.6 p.p.) displayed negative dynamics.

In value terms, the largest wiring sets used in vehicles, aircraft or ships importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined 61% share of total imports. Togo, Guinea, Burkina Faso and Mauritania lagged somewhat behind, together accounting for a further 22%.

Among the main importing countries, Togo, with a CAGR of +49.6%, 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 2022, the import price in Western Africa amounted to $X per ton, surging by 40% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 52%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :