ECOWAS: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in ECOWAS

The ECOWAS non-numerically controlled drilling machine market fell to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in ECOWAS

In value terms, non-numerically controlled drilling machine production contracted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports in ECOWAS

In 2022, approx. X units of non-numerically controlled drilling machines for working metal were exported in ECOWAS; picking up by X% against the year before. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled drilling machine exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Mali (X units) represented the key exporter of non-numerically controlled drilling machines for working metal, making up X% of total exports. It was distantly followed by Niger (X units), making up a X% share of total exports.

Mali experienced a relatively flat trend pattern with regard to volume of exports of non-numerically controlled drilling machines for working metal. At the same time, Niger (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Mali (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Niger ($X) emerged as the largest non-numerically controlled drilling machine supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports.

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

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 showed a precipitous contraction. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Niger ($X per unit), while Mali amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%).

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports in ECOWAS

In 2022, the amount of non-numerically controlled drilling machines for working metal imported in ECOWAS surged to X units, picking up by X% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, non-numerically controlled drilling machine imports expanded remarkably to $X in 2022. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sierra Leone (X units) and Nigeria (X units) prevails in imports structure, together creating X% of total imports. The following importers - Ghana (X units) and Senegal (X units) - each finished at a X% share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported non-numerically controlled drilling machines for working metal in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Sierra Leone ($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 a decline in the import price figures.

Source: IndexBox Platform

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