Western Africa: Band Saw Blade Market 2024

Band Saw Blade Market Size in Western Africa

The West African band saw blade market contracted to $X in 2023, which is down by X% against the previous year. Overall, consumption showed a noticeable curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Band Saw Blade Production in Western Africa

In value terms, band saw blade production reached $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Band Saw Blade Exports

Exports in Western Africa

In 2023, band saw blade exports in Western Africa fell significantly to X kg, shrinking by X% compared with the previous year's figure. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, band saw blade exports fell dramatically to $X in 2023. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Cabo Verde (X kg) and Liberia (X kg) were the key exporters of band saw blades in Western Africa, together generating X% of total exports. It was distantly followed by Nigeria (X kg), mixing up a X% share of total exports. The following exporters - Ghana (X kg) and Cote d'Ivoire (X kg) - each finished at a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Cabo Verde (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest band saw blade supplying countries in Western Africa were Liberia ($X), Cabo Verde ($X) and Nigeria ($X), together accounting for X% of total exports.

Cabo Verde, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, saw moderate growth. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced mixed trends in the export price figures.

Band Saw Blade Imports

Imports in Western Africa

Band saw blade imports shrank rapidly to X tons in 2023, reducing by X% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, band saw blade imports shrank dramatically to $X in 2023. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Nigeria (X tons) and Ghana (X tons) were the key importers of band saw blades in Western Africa, together making up X% of total imports. Senegal (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%). Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported band saw blades in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Nigeria, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price saw prominent growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, 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