ECOWAS: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in ECOWAS

In 2022, the ECOWAS pneumatic elevator market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pneumatic Elevator Production in ECOWAS

In value terms, pneumatic elevator production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Pneumatic Elevator Exports

Exports in ECOWAS

In 2022, after three years of growth, there was significant decline in overseas shipments of pneumatic elevators and conveyors, when their volume decreased by X% to X units. In general, exports recorded a abrupt descent. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped markedly in the following year.

In value terms, pneumatic elevator exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal represented the largest exporter of pneumatic elevators and conveyors in ECOWAS, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Togo (X units) and Nigeria (X units), together committing a X% share of total exports. Mali (X units) took a little share of total exports.

Senegal was also the fastest-growing in terms of the pneumatic elevators and conveyors exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. Nigeria experienced a relatively flat trend pattern. By contrast, Mali (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Togo (X p.p.) and Nigeria (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, Senegal ($X) emerged as the largest pneumatic elevator supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

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

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price posted a remarkable increase. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Pneumatic Elevator Imports

Imports in ECOWAS

In 2022, after two years of decline, there was significant growth in supplies from abroad of pneumatic elevators and conveyors, when their volume increased by X% to X units. Total imports indicated a pronounced expansion from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic elevator imports soared to $X in 2022. Over the period under review, imports saw modest growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X units), distantly followed by Niger (X units), Nigeria (X units), Ghana (X units) and Cote d'Ivoire (X units) were the major importers of pneumatic elevators and conveyors, together generating X% of total imports. Guinea (X units) and Sierra Leone (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Niger (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported pneumatic elevators and conveyors in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. In general, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Niger ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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