ECOWAS: Fixed Carbon Resistor Market 2024

Fixed Carbon Resistor Market Size in ECOWAS

The ECOWAS fixed carbon resistor market reached $X in 2023, standing approx. at the previous year. In general, consumption recorded a pronounced contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Fixed Carbon Resistor Production in ECOWAS

In value terms, fixed carbon resistor production reached $X in 2023 estimated in export price. Overall, production recorded a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Fixed Carbon Resistor Exports

Exports in ECOWAS

In 2023, exports of fixed carbon resistors, composition or film types and electrical variable resistors in ECOWAS shrank to X units, waning by X% against 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, fixed carbon resistor exports declined markedly to $X in 2023. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped significantly in the following year.

Exports by Country

Sierra Leone prevails in exports structure, recording X units, which was near X% of total exports in 2023. Cote d'Ivoire (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%).

Exports from Sierra Leone decreased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. While the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.) and Sierra Leone (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X) remains the largest fixed carbon resistor supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Sierra Leone amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked at $X per unit in 2021; however, from 2022 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 Sierra Leone ($X per unit), while Cote d'Ivoire (less than $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 more modest paces of growth.

Fixed Carbon Resistor Imports

Imports in ECOWAS

In 2023, purchases abroad of fixed carbon resistors, composition or film types and electrical variable resistors was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, imports showed noticeable growth. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, fixed carbon resistor imports skyrocketed to $X in 2023. Total imports indicated temperate growth 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 decreased by X% against 2021 indices. The growth pace was 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 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, finishing at X units, which was approx. X% of total imports in 2023. It was distantly followed by Ghana (X units) and Liberia (X units), together committing a X% share of total imports. The following importers - Burkina Faso (X units), Togo (X units), Guinea (X units) and Senegal (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to fixed carbon resistor imports into Nigeria stood at X%. At the same time, Liberia (X%), Guinea (X%), Togo (X%), Senegal (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Liberia (X p.p.), Togo (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported fixed carbon resistors, composition or film types and electrical variable resistors in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Liberia ($X), with an X% share of total imports. It was followed by Guinea, with an X% share.

In Nigeria, fixed carbon resistor imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Liberia (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per thousand units in 2023, dropping by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per thousand units in 2022, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Liberia ($X per thousand units), while Burkina Faso ($X per thousand units) 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