ECOWAS: Radar Apparatus Market 2024

Radar Apparatus Market Size in ECOWAS

In 2022, the ECOWAS radar apparatus market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a slight setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radar Apparatus Production in ECOWAS

In value terms, radar apparatus production amounted to $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Radar Apparatus Exports

Exports in ECOWAS

In 2022, approx. X units of radar apparatus, radio navigational aid apparatus and radio remote control apparatus were exported in ECOWAS; rising by X% compared with the previous year. Over the period under review, exports, however, showed a pronounced slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, radar apparatus exports skyrocketed to $X in 2022. Overall, exports, however, showed a pronounced setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X units) was the largest exporter of radar apparatus, radio navigational aid apparatus and radio remote control apparatus, creating X% of total exports. Senegal (X units) ranks second in terms of the total exports with a X% share, followed by Niger (X%) and Ghana (X%). The following exporters - Sierra Leone (X units), Burkina Faso (X units) and Guinea-Bissau (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to radar apparatus exports from Cote d'Ivoire stood at X%. At the same time, Niger (X%) and Guinea-Bissau (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Burkina Faso (X%), Ghana (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Niger (X p.p.) and Guinea-Bissau (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana and Sierra Leone saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest radar apparatus supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports. It was followed by Burkina Faso, with an X% share.

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

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

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

Radar Apparatus Imports

Imports in ECOWAS

Radar apparatus imports soared to X units in 2022, with an increase of X% against the previous year's figure. In general, imports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, radar apparatus imports reduced to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Ghana represented the key importer of radar apparatus, radio navigational aid apparatus and radio remote control apparatus in ECOWAS, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Senegal (X units), mixing up an X% share of total imports. Nigeria (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the radar apparatus, radio navigational aid apparatus and radio remote control apparatus imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest radar apparatus importing markets in ECOWAS were Senegal ($X), Ghana ($X) and Nigeria ($X), together accounting for X% of total imports.

Among the main importing countries, Senegal, with a CAGR of X%, saw the highest growth rate of 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

The import price in ECOWAS stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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