ECOWAS: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in ECOWAS

The ECOWAS continuous-action elevators and conveyors market expanded rapidly to $X in 2022, surging by X% against the previous year. In general, consumption enjoyed buoyant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors in ECOWAS

In value terms, continuous-action elevators and conveyors production expanded rapidly to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Continuous-Action Elevators And Conveyors

Exports in ECOWAS

In 2022, exports of continuous-action elevators and conveyors in ECOWAS reduced dramatically to X units, with a decrease of X% compared with 2021. In general, exports, however, enjoyed measured growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, continuous-action elevators and conveyors exports contracted to $X in 2022. Overall, exports, however, continue to indicate a tangible expansion. 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 attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units), Sierra Leone (X units), Senegal (X units) and Togo (X units) represented roughly X% of total exports in 2022. Cote d'Ivoire (X units) held the next position in the ranking, followed by Benin (X units) and Nigeria (X units). All these countries together held approx. X% 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 Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Ghana ($X) and Togo ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 ECOWAS stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price saw a mild increase. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 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 Senegal ($X per unit), while Benin ($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 more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports in ECOWAS

Continuous-action elevators and conveyors imports totaled X units in 2022, increasing by X% compared with the year before. Total imports indicated a moderate increase from 2012 to 2022: its volume 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports fell to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X units) was the main importer of continuous-action elevators and conveyors, generating X% of total imports. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Burkina Faso (X%), Sierra Leone (X%), Nigeria (X%), Niger (X%) and Guinea (X%). Senegal (X units) took a relatively small share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Niger (X%), Senegal (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Cote d'Ivoire and Nigeria experienced a relatively flat trend pattern. By contrast, Guinea (X%) illustrated a downward trend over the same period. While the share of Sierra Leone (X p.p.), Ghana (X p.p.), Niger (X p.p.), Burkina Faso (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.), Guinea (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics.

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

Niger, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2022, shrinking by X% against the previous year. Overall, the import price showed a pronounced setback. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :