ECOWAS: Mower Market 2024

Mower Market Size in ECOWAS

In 2022, after three years of decline, there was growth in the ECOWAS mower market, when its value increased by X% to $X. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Mower Production in ECOWAS

In value terms, mower production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Mower Exports

Exports in ECOWAS

In 2022, shipments abroad of mowers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a tangible increase. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, mower exports skyrocketed to $X in 2022. Overall, exports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Sierra Leone (X units) represented the major exporter of mowers, generating X% of total exports. It was distantly followed by Nigeria (X units), mixing up a X% share of total exports. The following exporters - Burkina Faso (X units), Ghana (X units) and Senegal (X units) - each accounted for a X% share of total exports.

Sierra Leone experienced a relatively flat trend pattern with regard to volume of exports of mowers. At the same time, Nigeria (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.), Ghana (X p.p.) and Sierra Leone (X p.p.) displayed negative dynamics.

In value terms, Sierra Leone ($X) remains the largest mower supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Sierra Leone, mower exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a pronounced descent. The growth pace was the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 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 Ghana ($X per unit), while Burkina Faso ($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.

Mower Imports

Imports in ECOWAS

Mower imports declined sharply to X units in 2022, waning by X% on the previous year's figure. In general, imports, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mower imports contracted markedly to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2016 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria represented the main importing country with an import of around X units, which finished at X% of total imports. Ghana (X units) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). The following importers - Senegal (X units) and Gambia (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to mower imports into Nigeria stood at X%. At the same time, Gambia (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mower importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), together comprising X% of total imports. Senegal and Gambia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Gambia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat 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 ($X per unit), while Cote d'Ivoire ($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 import price figures.

Source: IndexBox Platform

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