ECOWAS: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in ECOWAS

The ECOWAS pedestrian-controlled tractor market was estimated at $X.2B in 2022, picking up by X% against the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X.6B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Pedestrian-Controlled Tractor Production in ECOWAS

In value terms, pedestrian-controlled tractor production expanded to $X.4B in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X.3B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports in ECOWAS

In 2022, pedestrian-controlled tractor exports in ECOWAS surged to X units, growing by X% compared with the previous year's figure. In general, exports showed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, pedestrian-controlled tractor exports surged to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Senegal (X units) and Niger (X units) represented roughly X% of total exports in 2022. Ghana (X units) took the next position in the ranking, distantly followed by Togo (X units). All these countries together held approx. X% share of total exports. Burkina Faso (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ghana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) emerged as the largest pedestrian-controlled tractor supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Senegal, pedestrian-controlled tractor exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Ghana (X% per year).

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, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Senegal ($X per unit), while Togo ($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.

Pedestrian-Controlled Tractor Imports

Imports in ECOWAS

In 2022, pedestrian-controlled tractor imports in ECOWAS skyrocketed to X units, rising by X% compared with the previous year's figure. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pedestrian-controlled tractor imports skyrocketed to $X in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Nigeria represented the key importer of pedestrian-controlled tractors in ECOWAS, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by Benin (X units), Senegal (X units), Ghana (X units), Burkina Faso (X units) and Togo (X units), together mixing up a X% share of total imports. Cote d'Ivoire (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Senegal (X%), Burkina Faso (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Benin (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Togo saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pedestrian-controlled tractors in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Benin ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Nigeria, pedestrian-controlled tractor imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a 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 Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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