ECOWAS: Agricultural Self-Loading Trailer Market 2024

Agricultural Self-Loading Trailer Market Size in ECOWAS

The ECOWAS agricultural self-loading trailer market contracted slightly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Agricultural Self-Loading Trailer Production in ECOWAS

In value terms, agricultural self-loading trailer production contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Agricultural Self-Loading Trailer Exports

Exports in ECOWAS

In 2022, exports of self-loading or self-unloading trailers for agricultural purposes in ECOWAS fell markedly to X units, shrinking by X% compared with the year before. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural self-loading trailer exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Cote d'Ivoire (X units) was the main exporter of self-loading or self-unloading trailers for agricultural purposes, creating X% of total exports. Ghana (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%).

Cote d'Ivoire was also the fastest-growing in terms of the self-loading or self-unloading trailers for agricultural purposes exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) and Togo (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) emerged as the largest agricultural self-loading trailer supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Agricultural Self-Loading Trailer Imports

Imports in ECOWAS

In 2022, the amount of self-loading or self-unloading trailers for agricultural purposes imported in ECOWAS rose markedly to X units, with an increase of X% against the previous year. In general, imports posted a moderate expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural self-loading trailer imports contracted to $X in 2022. Over the period under review, imports recorded a measured expansion. The growth pace was the most rapid in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Senegal (X units), distantly followed by Benin (X units), Nigeria (X units), Ghana (X units) and Mali (X units) represented the main importers of self-loading or self-unloading trailers for agricultural purposes, together generating X% of total imports. The following importers - Cote d'Ivoire (X units) and Guinea (X units) - each amounted to an X% share of total imports.

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

In value terms, Benin ($X), Nigeria ($X) and Ghana ($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, Benin, with a CAGR of X%, recorded the highest growth rate of 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, waning by X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. 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 Mali ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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