Western Africa: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in Western Africa

The West African balloon and dirigible market contracted modestly to $X in 2023, therefore, remained relatively stable against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Balloon And Dirigible Production in Western Africa

In value terms, balloon and dirigible production fell to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Balloon And Dirigible Exports

Exports in Western Africa

For the third year in a row, Western Africa recorded growth in overseas shipments of balloons, dirigibles and other non-powered aircraft, which increased by X% to X units in 2023. In general, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, balloon and dirigible exports fell notably to $X in 2023. Overall, exports, however, showed a sharp shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Ghana (X units) and Nigeria (X units) represented the largest exporters of balloons, dirigibles and other non-powered aircraft in 2023, amounting to approx. X% and X% of total exports, respectively. It was distantly followed by Cote d'Ivoire (X units), mixing up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X) remains the largest balloon and dirigible supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price recorded a dramatic contraction. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Balloon And Dirigible Imports

Imports in Western Africa

In 2023, after two years of growth, there was significant decline in supplies from abroad of balloons, dirigibles and other non-powered aircraft, when their volume decreased by X% to X units. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, balloon and dirigible imports fell significantly to $X in 2023. In general, imports saw a mild downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2023, Niger (X units) and Burkina Faso (X units) were the major importers of balloons, dirigibles and other non-powered aircraft in Western Africa, together comprising X% of total imports. Nigeria (X units) took the next position in the ranking, followed by Ghana (X units), Senegal (X units) and Cabo Verde (X units). All these countries together took approx. X% share of total imports. Saint Helena, Ascension and Tristan da Cunha (X units) followed a long way behind the leaders.

From 2012 to 2023, 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, Niger ($X) constitutes the largest market for imported balloons, dirigibles and other non-powered aircraft in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Niger stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Niger ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saint Helena, Ascension and Tristan da Cunha (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform