Western Africa: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Western Africa

The West African off-highway dumper market expanded modestly to $X.5B in 2022, surging by X% against the previous year. In general, consumption posted a resilient increase. The level of consumption peaked at $X.3B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Off-Highway Dumper Production in Western Africa

In value terms, off-highway dumper production stood at $X.1B in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X.2B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Off-Highway Dumper Exports

Exports in Western Africa

In 2022, off-highway dumper exports in Western Africa shrank rapidly to X units, which is down by X% against the previous year. Overall, exports recorded a slight descent. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, off-highway dumper exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Mali (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Guinea (X%) and Togo (X%). The following exporters - Sierra Leone (X units) and Senegal (X units) - together made up X% of total exports.

Ghana was also the fastest-growing in terms of the dumpers for off-highway use exports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) displayed positive paces of growth. By contrast, Mali (X%), Sierra Leone (X%), Togo (X%) and Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Togo (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total exports, while Sierra Leone and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) emerged as the largest off-highway dumper supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Guinea, with a X% share.

In Ghana, off-highway dumper exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (X% per year) and Guinea (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a 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 Mali ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

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

Off-Highway Dumper Imports

Imports in Western Africa

In 2022, purchases abroad of dumpers for off-highway use decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, off-highway dumper imports declined sharply to $X in 2022. In general, imports, however, showed notable growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Mali (X units), Liberia (X units) and Nigeria (X units) represented roughly X% of total imports in 2022. Senegal (X units) ranks next in terms of the total imports with a X% share, followed by Ghana (X%), Cote d'Ivoire (X%), Benin (X%) and Guinea (X%).

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

In value terms, Ghana ($X) constitutes the largest market for imported dumpers for off-highway use in Western Africa, comprising X% of total imports. The second position in the ranking was held by Mali ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: Mali (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, rising by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price 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, off-highway dumper import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained 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 Ghana ($X per unit), while Benin ($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 more modest paces of growth.

Source: IndexBox Platform

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