ECOWAS: Escalator Market 2024

Escalator Market Size in ECOWAS

In 2022, after two years of growth, there was significant decline in the ECOWAS escalator market, when its value decreased by X% to $X. The total consumption indicated slight 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. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Escalator Production in ECOWAS

In value terms, escalator production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Escalator Exports

Exports in ECOWAS

In 2022, the amount of escalators and moving WalkWays exported in ECOWAS shrank notably to X units, falling by X% against 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, escalator exports expanded markedly to $X in 2022. Overall, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X units) represented roughly X% of total exports in 2022.

Senegal experienced a relatively flat trend pattern with regard to volume of exports of escalators and moving WalkWays. While the share of Senegal (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to X% per year.

Escalator Imports

Imports in ECOWAS

In 2022, purchases abroad of escalators and moving WalkWays decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, escalator imports dropped sharply to $X in 2022. Overall, imports, however, showed moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria represented the major importer of escalators and moving WalkWays in ECOWAS, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Burkina Faso (X units) ranks second in terms of the total imports with a X% share, followed by Cabo Verde (X%), Cote d'Ivoire (X%), Ghana (X%), Senegal (X%) and Guinea-Bissau (X%).

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Guinea-Bissau (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Ghana (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Burkina Faso, Cote d'Ivoire and Guinea-Bissau increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported escalators and moving WalkWays in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, escalator imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Burkina Faso (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, surging by X% against the previous year. Import price indicated moderate growth 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, escalator import price decreased by X% against 2020 indices. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 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 Nigeria ($X per unit), while Guinea-Bissau ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :