ECOWAS: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in ECOWAS

The ECOWAS built-in jacking system market rose significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a pronounced descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Built-In Jacking System Production in ECOWAS

In value terms, built-in jacking system production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. 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 2012; however, from 2013 to 2022, production failed to regain momentum.

Built-In Jacking System Exports

Exports in ECOWAS

In 2022, shipments abroad of built-in jacking systems of a type used in garages for raising vehicles decreased by X% to X units, falling for the second consecutive year after four years of growth. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, built-in jacking system exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal was the largest exporter of built-in jacking systems of a type used in garages for raising vehicles in ECOWAS, with the volume of exports reaching X units, which was near X% of total exports in 2022. Ghana (X units) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%).

Senegal was also the fastest-growing in terms of the built-in jacking systems of a type used in garages for raising vehicles exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. Senegal (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Senegal ($X) remains the largest built-in jacking system supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, picking up by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Built-In Jacking System Imports

Imports in ECOWAS

In 2022, the amount of built-in jacking systems of a type used in garages for raising vehicles imported in ECOWAS soared to X units, with an increase of X% compared with the previous year. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, built-in jacking system imports contracted to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Guinea was the key importer of built-in jacking systems of a type used in garages for raising vehicles in ECOWAS, with the volume of imports recording X units, which was near X% of total imports in 2022. Cote d'Ivoire (X units) took the second position in the ranking, distantly followed by Nigeria (X units) and Ghana (X units). All these countries together held near X% share of total imports. Senegal (X units), Benin (X units) and Liberia (X units) followed a long way behind the leaders.

Guinea was also the fastest-growing in terms of the built-in jacking systems of a type used in garages for raising vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Ghana (X%), Benin (X%), Liberia (X%) and Senegal (X%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Benin, Liberia, Ghana, Senegal and Nigeria saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported built-in jacking systems of a type used in garages for raising vehicles in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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