ECOWAS: Amplifier Market 2024

Amplifier Market Size in ECOWAS

The ECOWAS amplifier market totaled $X in 2023, picking up by X% against the previous year. Overall, consumption enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Amplifier Production in ECOWAS

In value terms, amplifier production totaled $X in 2023 estimated in export price. In general, production continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Amplifier Exports

Exports in ECOWAS

Amplifier exports dropped dramatically to X units in 2023, shrinking by X% on the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, amplifier exports shrank sharply to $X in 2023. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Senegal was the major exporting country with an export of about X units, which amounted to X% of total exports. Niger (X units) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%). Cabo Verde (X units), Togo (X units), Burkina Faso (X units) and Ghana (X units) followed a long way behind the leaders.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2023. At the same time, Niger (X%), Togo (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%), Ghana (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.), Cote d'Ivoire (X p.p.), Togo (X p.p.), Burkina Faso (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Senegal (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest amplifier supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with an X% share of total exports. It was followed by Niger, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($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 more modest paces of growth.

Amplifier Imports

Imports in ECOWAS

In 2023, after four years of growth, there was significant decline in supplies from abroad of amplifiers, when their volume decreased by X% to X units. In general, imports, however, posted a measured increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2022, and then dropped in the following year.

In value terms, amplifier imports contracted to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

Ghana dominates imports structure, finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Nigeria (X units), making up a X% share of total imports. Sierra Leone (X units), Cote d'Ivoire (X units) and Senegal (X units) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to amplifier imports into Ghana stood at X%. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%), Nigeria (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Cote d'Ivoire and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported amplifiers in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Ghana, amplifier imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform