Western Africa: Travel Set Market 2024

Travel Set Market Size in Western Africa

The West African travel set market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Travel Set Production in Western Africa

In value terms, travel set production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Travel Set Exports

Exports in Western Africa

After two years of growth, overseas shipments of travel sets decreased by X% to X units in 2022. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, travel set exports declined rapidly to $X in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Burkina Faso (X units), mixing up a X% share of total exports.

Senegal was also the fastest-growing in terms of the travel sets exports, with a CAGR of X% from 2012 to 2022. Burkina Faso (X%) illustrated a downward trend over the same period. Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) emerged as the largest travel set supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced 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 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Burkina Faso stood at $X per unit.

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

Travel Set Imports

Imports in Western Africa

In 2022, approx. X units of travel sets were imported in Western Africa; with a decrease of X% on 2021. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, travel set imports dropped rapidly to $X in 2022. Over the period under review, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X units) and Ghana (X units) represented the main importers of travel sets in Western Africa, together accounting for approx. X% of total imports. It was distantly followed by Senegal (X units), Liberia (X units), Guinea (X units) and Cote d'Ivoire (X units), together generating a X% share of total imports. Burkina Faso (X units) followed a long way behind the leaders.

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

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Liberia, Guinea, Burkina Faso and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Western Africa stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate notable growth. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the 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 Liberia ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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