ECOWAS: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in ECOWAS

The ECOWAS off-highway dumper market stood at $X.5B in 2022, growing by X% against the previous year. Overall, consumption enjoyed resilient growth. Over the period under review, the market reached the maximum level at $X.2B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Off-Highway Dumper Production in ECOWAS

In value terms, off-highway dumper production reached $X.1B in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X.2B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Off-Highway Dumper Exports

Exports in ECOWAS

For the third year in a row, ECOWAS recorded decline in shipments abroad of dumpers for off-highway use, which decreased by X% to X units in 2022. Overall, exports showed a slight slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports shrank to $X in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Mali (X units), Guinea (X units) and Togo (X units), together committing an X% share of total exports. Sierra Leone (X units) and Senegal (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the dumpers for off-highway use exports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) displayed positive paces of growth. By contrast, Mali (X%), Sierra Leone (X%), Togo (X%) and Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Togo (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Sierra Leone and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) emerged as the largest off-highway dumper supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

In Ghana, off-highway dumper exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw resilient growth. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per unit), while Sierra Leone ($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 more modest paces of growth.

Off-Highway Dumper Imports

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in purchases abroad of dumpers for off-highway use, when their volume decreased by X% to X units. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced rapidly in the following year.

In value terms, off-highway dumper imports dropped to $X in 2022. Over the period under review, imports, however, saw a noticeable expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

The purchases of the three major importers of dumpers for off-highway use, namely Mali, Liberia and Nigeria, represented more than half of total import. Senegal (X units) took the next position in the ranking, followed by Ghana (X units), Cote d'Ivoire (X units), Benin (X units) and Guinea (X units). All these countries together took near X% share of total imports.

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

In value terms, Ghana ($X) constitutes the largest market for imported dumpers for off-highway use in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Mali ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

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

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, increasing by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price 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, off-highway dumper import price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the 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 Ghana ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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