Western Africa: Truck Crane Market 2022

Truck Crane Market Size in Western Africa

After four years of growth, the West African truck crane market decreased by -1.2% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Truck Crane Production in Western Africa

In value terms, truck crane production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Truck Crane Exports

Exports in Western Africa

In 2021, truck crane exports in Western Africa soared to X units, with an increase of 29% compared with the year before. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, truck crane exports contracted slightly to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 3% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Benin (X units), distantly followed by Mali (X units), Senegal (X units), Guinea (X units), Niger (X units) and Cote d'Ivoire (X units) represented the key exporters of truck cranes, together achieving 84% of total exports. Togo (X units) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Benin (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Niger ($X) and Senegal ($X) constituted the countries with the highest levels of exports in 2021, together comprising 47% of total exports. Benin, Mali, Cote d'Ivoire and Togo lagged somewhat behind, together accounting for a further 40%.

Benin, with a CAGR of +6.8%, recorded the highest growth rate of 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

The export price in Western Africa stood at $X per unit in 2021, declining by -25.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Togo (+1.3%), while the other leaders experienced a decline in the export price figures.

Truck Crane Imports

Imports in Western Africa

In 2021, the amount of truck cranes imported in Western Africa surged to X units, growing by 31% against the year before. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, truck crane imports declined markedly to $X in 2021. In general, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Senegal (X units), distantly followed by Benin (X units), Guinea (X units), Ghana (X units), Niger (X units), Cote d'Ivoire (X units), Nigeria (X units), Burkina Faso (X units) and Mauritania (X units) were the largest importers of truck cranes, together constituting 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Benin (with a CAGR of +35.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 52% of total imports. Guinea, Senegal, Niger, Benin, Burkina Faso and Mauritania lagged somewhat behind, together comprising a further 36%.

Benin, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, falling by -46.5% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by 22%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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