ECOWAS - Air or Vacuum Pumps and Air or Other Gas Compressors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Market for Vacuum Pumps and Air or Gas Compressors 2024
Market Size for Vacuum Pumps and Air or Gas Compressors in ECOWAS
The ECOWAS market for vacuum pumps and air or gas compressors fell to $X in 2022, remaining stable against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.
Production of Vacuum Pumps and Air or Gas Compressors in ECOWAS
In value terms, production of vacuum pumps and air or gas compressors rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.
Exports of Vacuum Pumps and Air or Gas Compressors
Exports in ECOWAS
In 2022, shipments abroad of vacuum pumps and air or gas compressors was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. Over the period under review, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.
Exports by Country
Ghana (X units), Sierra Leone (X units), Burkina Faso (X units), Senegal (X units), Togo (X units) and Cote d'Ivoire (X units) represented roughly X% of total exports in 2022. Mali (X units) held a little share of total exports.
From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, Burkina Faso ($X), Cote d'Ivoire ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.
Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.
Export Prices by Country
In 2022, the export price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Togo ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced mixed trends in the export price figures.
Imports of Vacuum Pumps and Air or Gas Compressors
Imports in ECOWAS
After four years of growth, purchases abroad of vacuum pumps and air or gas compressors decreased by X% to X units in 2022. In general, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2021, and then shrank in the following year.
In value terms, imports of vacuum pumps and air or gas compressors rose significantly to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Imports by Country
Ghana was the largest importer of vacuum pumps and air or gas compressors in ECOWAS, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Nigeria (X units), committing a X% share of total imports. Guinea (X units), Senegal (X units) and Cote d'Ivoire (X units) took a little share of total imports.
Ghana was also the fastest-growing in terms of the vacuum pumps and air or gas compressors imports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Senegal (X%) and Guinea (X%) illustrated a downward trend over the same period. Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire, Senegal, Nigeria and Guinea saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.
In value terms, Nigeria ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.
In Nigeria, imports of vacuum pumps and air or gas compressors remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).
Import Prices by Country
The import price in ECOWAS stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for vacuum pump and air or gas compressor in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
- Prodcom 28132190 - Liquid ring
- Prodcom 28132200 - Hand or foot-operated air pumps
- Prodcom 28132300 - Compressors for refrigeration equipment
- Prodcom 28132400 - Air compressors mounted on a wheeled chassis for towing
- Prodcom 28132530 - Turbo-compressors, single stage
- Prodcom 28132550 - Turbo-compressors, multistage
- Prodcom 28132630 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow . .60 m./hour
- Prodcom 28132650 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow per hour > .60 m.
- Prodcom 28132670 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour . .120 m.
- Prodcom 28132690 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour > .120 m.
- Prodcom 28132730 - Rotary displacement compressors, single-shaft
- Prodcom 28132753 - Multi-shaft screw compressors
- Prodcom 28132755 - Multi-shaft compressors (excluding screw compressors)
- Prodcom 28132800 - Air/gas compressors excluding air/vacuum pumps used in refrigeration, air compressors mounted on wheeled chassis, t urbo compressors, reciprocating and rotary displacement compressors
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in ECOWAS, split by region and country
- Trade (exports and imports) in ECOWAS
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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