ECOWAS: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in ECOWAS

The ECOWAS lathe for removing metal market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a noticeable decline. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Lathes For Removing Metal in ECOWAS

In value terms, lathe for removing metal production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, lafor removing metal production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in ECOWAS

In 2022, approx. X units of lathes for removing metal were exported in ECOWAS; falling by X% against the previous year. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the lafor removing metal exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria (X units), Ghana (X units) and Niger (X units) represented roughly X% of total exports in 2022. Cote d'Ivoire (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mali (X%), Togo (X%) and Burkina Faso (X%).

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2013; however, from 2014 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 Togo ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Imports of Lathes For Removing Metal

Imports in ECOWAS

In 2022, after five years of growth, there was significant decline in purchases abroad of lathes for removing metal, when their volume decreased by X% to X units. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, lafor removing metal imports hit record highs at X units in 2021, and then fell notably in the following year.

In value terms, lathe for removing metal imports fell to $X in 2022. Over the period under review, imports saw a mild setback. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ghana was the major importer of lathes for removing metal in ECOWAS, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Togo (X units) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%), Cote d'Ivoire (X%) and Mali (X%). Senegal (X units), Niger (X units), Guinea (X units), Liberia (X units), Sierra Leone (X units), Burkina Faso (X units), Benin (X units) and Gambia (X units) took a minor share of total imports.

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

In value terms, Nigeria ($X), Ghana ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Togo, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, rising by X% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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