ECOWAS: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in ECOWAS

The ECOWAS scrapers excavator market reduced to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a significant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Scrapers Excavator Production in ECOWAS

In value terms, scrapers excavator production shrank modestly to $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Scrapers Excavator Exports

Exports in ECOWAS

In 2022, shipments abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) was finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a slight expansion. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, scrapers excavator exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced downturn. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal was the key exporting country with an export of around X units, which recorded X% of total exports. Ghana (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%), Niger (X%), Burkina Faso (X%) and Benin (X%). Mali (X units) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the scrapers earth moving, excavating, extracting machinery (not self-propelled) exports, with a CAGR of X% from 2012 to 2022. At the same time, Burkina Faso (X%) displayed positive paces of growth. Cote d'Ivoire, Benin, Mali and Niger experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal and Burkina Faso increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Cote d'Ivoire, scrapers excavator exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Benin (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, recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 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 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 Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Scrapers Excavator Imports

Imports in ECOWAS

In 2022, overseas purchases of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, scrapers excavator imports shrank notably to $X in 2022. Over the period under review, imports showed a deep setback. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X units) and Nigeria (X units) were the major importers of scrapers earth moving, excavating, extracting machinery (not self-propelled) in ECOWAS, together accounting for near X% of total imports. Senegal (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Mali (X%), Guinea (X%), Cote d'Ivoire (X%) and Sierra Leone (X%).

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

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Cote d'Ivoire, 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

The import price in ECOWAS stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, saw a abrupt contraction. The level of import peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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