ECOWAS: Cash Register Market 2024

Cash Register Market Size in ECOWAS

The ECOWAS cash register market declined to $X in 2022, which is down by X% against the previous year. In general, consumption, however, recorded a moderate expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Cash Register Production in ECOWAS

In value terms, cash register production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Cash Register Exports

Exports in ECOWAS

Cash register exports reduced notably to X units in 2022, with a decrease of X% on 2021 figures. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cash register exports declined dramatically to $X in 2022. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana dominates exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Mali (X units), constituting a X% share of total exports. The following exporters - Cote d'Ivoire (X units) and Burkina Faso (X units) - together made up X% of total exports.

Ghana was also the fastest-growing in terms of the cash registers exports, with a CAGR of X% from 2012 to 2022. At the same time, Burkina Faso (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Cote d'Ivoire increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest cash register supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Cash Register Imports

Imports in ECOWAS

In 2022, cash register imports in ECOWAS contracted markedly to X units, shrinking by X% on the previous year's figure. Over the period under review, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, cash register imports plummeted to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

Nigeria was the major importer of cash registers in ECOWAS, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Ghana (X units), Togo (X units), Guinea (X units) and Niger (X units), together mixing up a X% share of total imports. Benin (X units), Cabo Verde (X units) and Mali (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Niger (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported cash registers in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Nigeria, cash register imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Togo (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Niger ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :