ECOWAS: Vehicle Windscreen Wiper Market 2024

Vehicle Windscreen Wiper Market Size in ECOWAS

The ECOWAS vehicle windscreen wiper market was estimated at $X in 2023, increasing by X% against the previous year. The total consumption indicated a slight increase 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Vehicle Windscreen Wiper Production in ECOWAS

In value terms, vehicle windscreen wiper production stood at $X in 2023 estimated in export price. In general, production, however, saw perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Vehicle Windscreen Wiper Exports

Exports in ECOWAS

In 2023, vehicle windscreen wiper exports in ECOWAS contracted slightly to X units, approximately mirroring the previous year. In general, exports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, vehicle windscreen wiper exports totaled $X in 2023. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sierra Leone dominates exports structure, resulting at X units, which was approx. X% of total exports in 2023. The following exporters - Nigeria (X units) and Ghana (X units) - each finished at a X% share of total exports.

Exports from Sierra Leone increased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (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. Nigeria experienced a relatively flat trend pattern. From 2012 to 2023, the share of Sierra Leone increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X) remains the largest vehicle windscreen wiper supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($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: Nigeria (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2023, 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 Sierra Leone ($X per unit), while Nigeria ($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.

Vehicle Windscreen Wiper Imports

Imports in ECOWAS

In 2023, imports of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles in ECOWAS fell to X units, waning by X% against 2022 figures. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, vehicle windscreen wiper imports dropped notably to $X in 2023. Overall, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of vehicle windscreen wiper imports in 2023 were Guinea (X units), Cote d'Ivoire (X units) and Ghana (X units), together finishing at X% of total import. It was distantly followed by Sierra Leone (X units), committing a X% share of total imports. The following importers - Cabo Verde (X units), Nigeria (X units) and Liberia (X units) - each accounted for a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cabo Verde (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Guinea ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Nigeria, Cabo Verde, Liberia and Sierra Leone lagged somewhat behind, together accounting for a further X%.

Cabo Verde, with a CAGR of X%, recorded 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

The import price in ECOWAS stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a 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 2023, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform