ECOWAS: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in ECOWAS

The ECOWAS stone sawing machine market declined rapidly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Stone Sawing Machine Production in ECOWAS

In value terms, stone sawing machine production reduced to $X in 2022 estimated in export price. In general, production saw a slight downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Stone Sawing Machine Exports

Exports in ECOWAS

In 2022, after two years of decline, there was significant growth in shipments abroad of sawing machines for working stone, ceramics and concrete, when their volume increased by X% to X units. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, stone sawing machine exports surged to $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Senegal (X units) took a little share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the sawing machines for working stone, ceramics and concrete exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. From 2012 to 2022, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Cote d'Ivoire ($X) emerged as the largest stone sawing machine supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a mild increase. The growth pace was the most rapid in 2020 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained 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 Cote d'Ivoire totaled $X per unit.

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

Stone Sawing Machine Imports

Imports in ECOWAS

In 2022, supplies from abroad of sawing machines for working stone, ceramics and concrete decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. 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, stone sawing machine imports reduced rapidly to $X in 2022. Overall, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ghana dominates imports structure, accounting for X units, which was near X% of total imports in 2022. Cote d'Ivoire (X units) took the second position in the ranking, followed by Guinea (X units), Nigeria (X units) and Senegal (X units). All these countries together took near X% share of total imports. The following importers - Benin (X units) and Cabo Verde (X units) - together made up X% of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%), Benin (X%), Cabo Verde (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) and Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Guinea and Benin increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest stone sawing machine importing markets in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined X% share of total imports. Guinea, Senegal, Cabo Verde and Benin lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Guinea, 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

In 2022, the import price in ECOWAS amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, saw a mild descent. The pace of growth was the most pronounced in 2016 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the 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 Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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