Western Africa: Engine Generator Market 2024

Engine Generator Market Size in Western Africa

The West African engine generator market expanded significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Engine Generator Production in Western Africa

In value terms, engine generator production soared to $X in 2022 estimated in export price. In general, production, however, showed a deep reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Engine Generator Exports

Exports in Western Africa

In 2022, overseas shipments of generators for internal combustion engines increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, engine generator exports soared to $X in 2022. Overall, exports enjoyed a strong expansion. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Burkina Faso (X units) was the main exporter of generators for internal combustion engines, committing X% of total exports. It was distantly followed by Sierra Leone (X units) and Ghana (X units), together mixing up a X% share of total exports. Togo (X units) followed a long way behind the leaders.

Burkina Faso was also the fastest-growing in terms of the generators for internal combustion engines exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%), Ghana (X%) and Sierra Leone (X%) displayed positive paces of growth. Burkina Faso (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana and Sierra Leone 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, Burkina Faso ($X) emerged as the largest engine generator supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Burkina Faso, engine generator exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped sharply in the following year.

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 ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Engine Generator Imports

Imports in Western Africa

In 2022, approx. X units of generators for internal combustion engines were imported in Western Africa; waning by X% against 2021 figures. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, engine generator imports declined sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X units), distantly followed by Cote d'Ivoire (X units), Guinea (X units), Nigeria (X units), Senegal (X units), Sierra Leone (X units) and Mali (X units) were the major importers of generators for internal combustion engines, together comprising X% of total imports.

From 2012 to 2022, 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, the largest engine generator importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. Guinea, Senegal, Mali and Sierra Leone lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in Western Africa amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 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 2019 to 2022, the import prices remained at a 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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