Western Africa: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Western Africa

The West African market for elevators and conveyors other than pneumatic, belt- or bucket-type rose to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Western Africa

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a somewhat lower figure.

Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports in Western Africa

After three years of growth, shipments abroad of elevators and conveyors other than pneumatic, belt- or bucket-type decreased by X% to X units in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type reduced sharply to $X in 2022. Overall, exports showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X units) was the main exporter of elevators and conveyors other than pneumatic, belt- or bucket-type, committing X% of total exports. It was distantly followed by Sierra Leone (X units) and Ghana (X units), together creating a X% share of total exports. The following exporters - Cote d'Ivoire (X units), Benin (X units) and Burkina Faso (X units) - together made up X% of total exports.

Senegal was also the fastest-growing in terms of the elevators and conveyors other than pneumatic, belt- or bucket-type exports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Burkina Faso (X%) and Benin (X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Sierra Leone (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplying countries in Western Africa were Sierra Leone ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Sierra Leone, with a CAGR of X%, recorded the highest growth rate of 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

The export price in Western Africa stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 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 Sierra Leone ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports in Western Africa

Imports of elevators and conveyors other than pneumatic, belt- or bucket-type rose notably to X units in 2022, increasing by X% against 2021 figures. In general, imports recorded notable growth. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type dropped sharply to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Senegal (X units) and Nigeria (X units) were the key importers of elevators and conveyors other than pneumatic, belt- or bucket-type in 2022, recording approx. X% and X% of total imports, respectively. Ghana (X units) ranks next in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%). The following importers - Guinea (X units), Mauritania (X units) and Mali (X units) - each reached a X% share of total imports.

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

In value terms, the largest elevators and conveyors other than pneumatic, belt- or bucket-type importing markets in Western Africa were Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Ghana, Guinea, Mauritania and Mali lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Guinea, with a CAGR of X%, saw the highest rates of growth with regard to 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 Western Africa amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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