Africa: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in Africa

In 2023, after two years of growth, there was decline in the African electrical signalling apparatus market, when its value decreased by X% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Electrical Signalling Apparatus Production in Africa

In value terms, electrical signalling apparatus production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Electrical Signalling Apparatus Exports

Exports in Africa

After three years of decline, overseas shipments of electrical apparatus for sound or visual signalling increased by X% to X units in 2023. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports totaled $X in 2023. In general, exports, however, saw a sharp shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Tunisia (X units), South Africa (X units) and Togo (X units), together resulting at X% of total export. It was distantly followed by Morocco (X units), mixing up an X% share of total exports. Ghana (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, South Africa ($X) remains the largest electrical signalling apparatus supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, shrinking by X% against the previous year. In general, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 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 South Africa ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Electrical Signalling Apparatus Imports

Imports in Africa

Electrical signalling apparatus imports shrank modestly to X units in 2023, falling by X% compared with the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, electrical signalling apparatus imports expanded slightly to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Morocco (X units) represented the largest importer of electrical apparatus for sound or visual signalling, creating X% of total imports. It was distantly followed by Angola (X units), South Africa (X units) and Ghana (X units), together generating a X% share of total imports. The following importers - Kenya (X units), Nigeria (X units), Tunisia (X units), Benin (X units), Rwanda (X units), Egypt (X units), Cote d'Ivoire (X units), Ethiopia (X units) and Mozambique (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to electrical signalling apparatus imports into Morocco stood at X%. At the same time, Benin (X%), Kenya (X%), Rwanda (X%), Nigeria (X%), Cote d'Ivoire (X%), Ghana (X%) and Egypt (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. By contrast, Ethiopia (X%), Mozambique (X%), Angola (X%), Tunisia (X%) and South Africa (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Kenya (X p.p.), Benin (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Tunisia (X p.p.), Angola (X p.p.) and South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Morocco ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Nigeria, Kenya, Tunisia, Angola, Mozambique, Ghana, Ethiopia, Benin, Cote d'Ivoire and Rwanda lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, picking up by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the 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 South Africa ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform