We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report ECOWAS - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

ECOWAS - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

ECOWAS: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in ECOWAS

The ECOWAS balancing mechanical parts machine market fell to $X.2B in 2022, reducing by X% against the previous year. Overall, consumption, however, continues to indicate strong growth. The level of consumption peaked at $X.9B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Machines For Balancing Mechanical Parts in ECOWAS

In value terms, balancing mechanical parts machine production declined to $X.9B in 2022 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X.2B. From 2020 to 2022, production growth remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports in ECOWAS

In 2022, approx. X units of machines for balancing mechanical parts were exported in ECOWAS; dropping by X% on 2021. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports soared to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Niger (X units) and Ghana (X units) represented the main exporters of machines for balancing mechanical parts in 2022, recording approx. X% and X% of total exports, respectively. It was distantly followed by Senegal (X units), making up a X% share of total exports.

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, Niger ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of exports in 2022.

Niger, with a CAGR of X%, saw the highest growth rate of 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, jumping by X% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Imports of Machines For Balancing Mechanical Parts

Imports in ECOWAS

For the fifth year in a row, ECOWAS recorded growth in supplies from abroad of machines for balancing mechanical parts, which increased by X% to X units in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, balancing mechanical parts machine imports soared to $X in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

The purchases of the one major importers of machines for balancing mechanical parts, namely Nigeria, represented more than two-thirds of total import.

Nigeria was also the fastest-growing in terms of the machines for balancing mechanical parts imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Nigeria increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for balancing mechanical parts in ECOWAS.

In Nigeria, balancing mechanical parts machine imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2023 were Niger, Mali and Senegal, together accounting for 68% of total consumption.
The countries with the highest volumes of production in 2022 were Niger, Mali and Senegal, with a combined 68% share of total production.
In value terms, Niger, Ghana and Senegal $24) were the countries with the highest levels of exports in 2022.
In value terms, Nigeria constitutes the largest market for imported machines for balancing mechanical parts in ECOWAS.
The export price in ECOWAS stood at $2,214 per unit in 2022, rising by 58% against the previous year.
The import price in ECOWAS stood at $205 per unit in 2022, surging by 6.8% against the previous year.

This report provides an in-depth analysis of the market for balancing mechanical parts machine in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28993970 - Machines for balancing mechanical parts

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in ECOWAS, split by region and country
  • Trade (exports and imports) in ECOWAS
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Niger
    • Nigeria
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
$599
Apr 1, 2024
Eye 407

This report provides an in-depth analysis of the market for balancing mechanical parts machine in Asia.

U.S. - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
$599
Apr 1, 2024
Eye 349

This report provides an in-depth analysis of the market for balancing mechanical parts machine in the U.S..

China - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
$599
Apr 1, 2024
Eye 417

This report provides an in-depth analysis of the market for balancing mechanical parts machine in China.

EU - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
$599
Apr 1, 2024
Eye 417

This report provides an in-depth analysis of the market for balancing mechanical parts machine in the EU.

World - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
$599
Apr 1, 2024
Eye 579

This report provides an in-depth analysis of the global market for balancing mechanical parts machine.

Free Data: Machines For Balancing Mechanical Parts - ECOWAS
Table
Machines For Balancing Mechanical Parts - ECOWAS - Table
Dashboard
Machines For Balancing Mechanical Parts - ECOWAS - Dashboard
Report
Machines For Balancing Mechanical Parts - ECOWAS - Report