Western Africa: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Western Africa

The West African hydraulic automatic regulators market plummeted to $X in 2022, which is down by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Hydraulic Automatic Regulators Production in Western Africa

In value terms, hydraulic automatic regulators production reduced to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Hydraulic Automatic Regulators Exports

Exports in Western Africa

Hydraulic automatic regulators exports skyrocketed to X units in 2022, picking up by X% on the year before. Over the period under review, exports, however, continue to indicate a sharp decline. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, hydraulic automatic regulators exports surged to $X in 2022. Overall, exports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X units), followed by Senegal (X units) represented the major exporters of hydraulic or pneumatic automatic regulating instruments, together generating X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ghana (with a CAGR of X%).

In value terms, Senegal ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, saw a strong increase. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Senegal ($X per unit), while Ghana stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Hydraulic Automatic Regulators Imports

Imports in Western Africa

Hydraulic automatic regulators imports fell markedly to X units in 2022, shrinking by X% on 2021. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then contracted significantly in the following year.

In value terms, hydraulic automatic regulators imports fell notably to $X in 2022. Overall, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Ghana (X units) and Nigeria (X units) were the key importers of hydraulic or pneumatic automatic regulating instruments in 2022, finishing at near X% and X% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X units), achieving a X% share of total imports. The following importers - Senegal (X units) and Liberia (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported hydraulic or pneumatic automatic regulating instruments in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Nigeria, hydraulic automatic regulators imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (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, dropping by X% against the previous year. In general, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 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 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 Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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