ECOWAS: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in ECOWAS

The ECOWAS fruit-preparation industrial machinery market fell to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Fruit-Preparation Industrial Machinery Production in ECOWAS

In value terms, fruit-preparation industrial machinery production expanded to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports in ECOWAS

In 2023, fruit-preparation industrial machinery exports in ECOWAS contracted remarkably to X units, with a decrease of X% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, fruit-preparation industrial machinery exports fell rapidly to $X in 2023. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Ghana (X units), distantly followed by Nigeria (X units) were the key exporters of industrial machinery for the preparation of fruits, nuts or vegetables, together committing X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%).

In value terms, Ghana ($X) remains the largest fruit-preparation industrial machinery supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana amounted to X%.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2023, 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 Ghana ($X per unit), while Nigeria amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Fruit-Preparation Industrial Machinery Imports

Imports in ECOWAS

In 2023, purchases abroad of industrial machinery for the preparation of fruits, nuts or vegetables decreased by X% to X units, falling for the third consecutive year after three years of growth. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, fruit-preparation industrial machinery imports shrank remarkably to $X in 2023. Overall, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Nigeria (X units) and Senegal (X units) represented roughly X% of total imports in 2023. Cote d'Ivoire (X units) ranks next in terms of the total imports with a X% share, followed by Ghana (X%). The following importers - Burkina Faso (X units), Benin (X units) and Guinea (X units) - each finished at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit-preparation industrial machinery importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined X% share of total imports. Senegal, Guinea, Benin and Burkina Faso lagged somewhat behind, together comprising a further X%.

Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 2023, the import price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Overall, the import price saw a perceptible curtailment. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, 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.

Source: IndexBox Platform