Western Africa: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Western Africa

The West African electronic lamp machine market soared to $X in 2023, growing by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Electronic Lamp Machine Production in Western Africa

In value terms, electronic lamp machine production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Electronic Lamp Machine Exports

Exports in Western Africa

After five years of decline, shipments abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs increased by X% to X units in 2023. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, electronic lamp machine exports stood at $X in 2023. Overall, exports posted modest growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Cote d'Ivoire (X units) and Senegal (X units) were the key exporters of machines for electric or electronic lamps, tubes, valves or flashbulbs in Western Africa, together achieving X% of total exports. It was distantly followed by Ghana (X units), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Electronic Lamp Machine Imports

Imports in Western Africa

In 2023, electronic lamp machine imports in Western Africa skyrocketed to X units, growing by X% on the previous year's figure. Overall, imports continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, electronic lamp machine imports contracted markedly to $X in 2023. In general, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Ghana dominates imports structure, accounting for X units, which was approx. X% of total imports in 2023. Mali (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the machines for electric or electronic lamps, tubes, valves or flashbulbs imports, with a CAGR of X% from 2012 to 2023. At the same time, Mali (X%) displayed positive paces of growth. Ghana (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2023.

Mali, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the import price showed a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 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 Mali ($X per unit), while Ghana stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%).

Source: IndexBox Platform