ECOWAS: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in ECOWAS

The ECOWAS positive displacement pump market expanded significantly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Positive Displacement Pump Production in ECOWAS

In value terms, positive displacement pump production expanded rapidly to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Positive Displacement Pump Exports

Exports in ECOWAS

In 2022, positive displacement pump exports in ECOWAS surged to X units, picking up by X% on the year before. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, positive displacement pump exports shrank notably to $X in 2022. Overall, exports continue to indicate resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. Ghana (X units) and Togo (X units) took a minor share of total exports.

Senegal was also the fastest-growing in terms of the positive displacement pumps and hand pumps exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) and Ghana (X%) displayed positive paces of growth. While the share of Senegal (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X), Togo ($X) and Senegal ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Togo, 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

In 2022, the export price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then declined markedly in the following year.

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

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

Positive Displacement Pump Imports

Imports in ECOWAS

After four years of growth, purchases abroad of positive displacement pumps and hand pumps decreased by X% to X units in 2022. Overall, imports, however, continue to indicate tangible growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then fell significantly in the following year.

In value terms, positive displacement pump imports fell to $X in 2022. In general, imports showed a slight decline. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ghana (X units), distantly followed by Nigeria (X units), Cote d'Ivoire (X units), Burkina Faso (X units), Guinea (X units) and Togo (X units) were the major importers of positive displacement pumps and hand pumps, together mixing up X% of total imports. Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Cote d'Ivoire, positive displacement pump imports expanded 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: Nigeria (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Cote d'Ivoire ($X per unit), while Ghana ($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 a decline in the import price figures.

Source: IndexBox Platform

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