ECOWAS: Crawler Dozer Market 2024

Crawler Dozer Market Size in ECOWAS

The ECOWAS crawler dozer market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, saw a prominent increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Crawler Dozer Production in ECOWAS

In value terms, crawler dozer production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X,725% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Crawler Dozer Exports

Exports in ECOWAS

In 2022, overseas shipments of crawler dozers increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, crawler dozer exports soared to $X in 2022. Overall, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Cote d'Ivoire (X units) and Burkina Faso (X units) represented the key exporters of crawler dozers in ECOWAS, together accounting for near X% of total exports. It was distantly followed by Nigeria (X units), Mali (X units), Senegal (X units), Ghana (X units) and Benin (X units), together achieving a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Burkina Faso ($X) and Mali ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Senegal, Benin, Ghana and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, shrinking by X% against the previous year. In general, the export price recorded a perceptible decrease. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Crawler Dozer Imports

Imports in ECOWAS

In 2022, crawler dozer imports in ECOWAS reached X units, almost unchanged from 2021 figures. In general, imports saw a strong expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, crawler dozer imports rose significantly to $X in 2022. Overall, imports recorded moderate growth. The pace of growth was the most pronounced in 2014 with an increase of 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 near future.

Imports by Country

In 2022, Nigeria (X units) represented the major importer of crawler dozers, constituting X% of total imports. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Guinea (X%), Senegal (X%) and Burkina Faso (X%). Niger (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the crawler dozers imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Guinea (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Niger experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Niger (X p.p.) and Burkina Faso (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in ECOWAS amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 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 Burkina Faso ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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