Western Africa: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Western Africa

The West African lithium-ion accumulator market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption posted a significant increase. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Lithium-Ion Accumulator Production in Western Africa

In value terms, lithium-ion accumulator production shrank to $X in 2022 estimated in export price. Overall, production posted pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Lithium-Ion Accumulator Exports

Exports in Western Africa

In 2022, overseas shipments of lithium-ion accumulators increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator exports surged to $X in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria was the major exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Togo (X units), committing a X% share of total exports. Burkina Faso (X units) took a little share of total exports.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Togo experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Togo (X p.p.) and Burkina Faso (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X), Burkina Faso ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%).

Lithium-Ion Accumulator Imports

Imports in Western Africa

In 2022, approx. X units of lithium-ion accumulators were imported in Western Africa; jumping by X% against the previous year's figure. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lithium-ion accumulator imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Ghana (X units) was the largest importer of lithium-ion accumulators, generating X% of total imports. Nigeria (X units) ranks second in terms of the total imports with a X% share, followed by Sierra Leone (X%) and Cote d'Ivoire (X%). The following importers - Togo (X units), Burkina Faso (X units) and Niger (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported lithium-ion accumulators in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, lithium-ion accumulator imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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