Western Africa: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Western Africa

The West African market for vacuum pumps and air or gas compressors contracted slightly to $X in 2022, remaining constant against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Vacuum Pumps and Air or Gas Compressors in Western Africa

In value terms, production of vacuum pumps and air or gas compressors rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in Western Africa

In 2022, overseas shipments of vacuum pumps and air or gas compressors were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports of reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of vacuum pumps and air or gas compressors soared to $X in 2022. In general, exports, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The biggest shipments were from Ghana (X units), Sierra Leone (X units), Burkina Faso (X units), Senegal (X units), Togo (X units) and Cote d'Ivoire (X units), together resulting at X% of total export. Mali (X units) held a minor share of total exports.

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

In value terms, Burkina Faso ($X), Cote d'Ivoire ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 Western Africa amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then declined in the following year.

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

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

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in Western Africa

After four years of growth, overseas purchases of vacuum pumps and air or gas compressors decreased by X% to X units in 2022. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2021, and then dropped in the following year.

In value terms, imports of vacuum pumps and air or gas compressors soared to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana was the major importer of vacuum pumps and air or gas compressors in Western Africa, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X units), creating a X% share of total imports. Mauritania (X units), Guinea (X units), Senegal (X units) and Cote d'Ivoire (X units) held a relatively small share of total imports.

Ghana was also the fastest-growing in terms of the vacuum pumps and air or gas compressors imports, with a CAGR of X% from 2012 to 2022. At the same time, Mauritania (X%) and Nigeria (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Senegal (X%) and Guinea (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.), Mauritania (X p.p.), Senegal (X p.p.), Nigeria (X p.p.) and Guinea (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported vacuum pumps and air or gas compressors in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Mauritania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mauritania (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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