Western Africa: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Western Africa

The West African market for in-hand motor grinders, sanders and planers was estimated at $X in 2021, rising by 10% against the previous year. In general, consumption showed prominent growth. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Production of In-Hand Motor Grinders, Sanders And Planers in Western Africa

In value terms, production of in-hand motor grinders, sanders and planers declined slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 50%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports in Western Africa

In 2021, overseas shipments of in-hand motor grinders, sanders and planers decreased by -21.2% to X units, falling for the second year in a row after three years of growth. Overall, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2019 with an increase of 60% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of in-hand motor grinders, sanders and planers reduced modestly to $X in 2021. In general, exports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2019 when exports increased by 49% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2020, and then reduced modestly in the following year.

Exports by Country

In 2021, Cabo Verde (X units) was the major exporter of in-hand motor grinders, sanders and planers, comprising 48% of total exports. Ghana (X units) took the second position in the ranking, distantly followed by Benin (X units) and Liberia (X units). All these countries together took approx. 42% share of total exports. Sierra Leone (X units) and Togo (X units) followed a long way behind the leaders.

Cabo Verde was also the fastest-growing in terms of the in-hand motor grinders, sanders and planers exports, with a CAGR of +41.3% from 2012 to 2021. At the same time, Ghana (+12.4%) and Liberia (+1.1%) displayed positive paces of growth. Benin experienced a relatively flat trend pattern. By contrast, Togo (-15.4%) and Sierra Leone (-27.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cabo Verde, Ghana, Benin and Liberia increased by +46, +17, +4.3 and +4.2 percentage points, respectively.

In value terms, Cabo Verde ($X) remains the largest electromechanical tools for working in the hand, with self-contained electric motor supplier in Western Africa, comprising 67% of total exports. The second position in the ranking was held by Ghana ($X), with a 17% share of total exports. It was followed by Benin, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Cabo Verde totaled +55.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+6.4% per year) and Benin (+3.2% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, surging by 22% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for in-hand motor grinders, sanders and planers increased by +70.1% against 2017 indices. The growth pace was the most rapid in 2015 when the export price increased by 35% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Cabo Verde ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cabo Verde (+10.2%), while the other leaders experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports in Western Africa

In 2021, supplies from abroad of in-hand motor grinders, sanders and planers increased by 18% to X units, rising for the seventh year in a row after two years of decline. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, imports of in-hand motor grinders, sanders and planers rose significantly to $X in 2021. Overall, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 66% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Ghana was the largest importing country with an import of around X units, which reached 39% of total imports. Guinea (X units) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (17%), Cote d'Ivoire (10%) and Mali (5.6%). Liberia (X units) and Senegal (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electromechanical tools for working in the hand, with self-contained electric motor imports into Ghana stood at +29.8%. At the same time, Mali (+44.3%), Guinea (+33.2%), Cote d'Ivoire (+27.7%), Liberia (+22.3%) and Senegal (+7.5%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +44.3% from 2012-2021. By contrast, Nigeria (-4.8%) illustrated a downward trend over the same period. While the share of Ghana (+29 p.p.), Guinea (+14 p.p.), Cote d'Ivoire (+7.1 p.p.), Mali (+5.1 p.p.) and Liberia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Nigeria (-55.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electromechanical tools for working in the hand, with self-contained electric motor importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), together comprising 69% of total imports. These countries were followed by Guinea, Mali, Senegal and Liberia, which together accounted for a further 24%.

Among the main importing countries, Mali, with a CAGR of +36.5%, recorded 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

The import price in Western Africa stood at $X per unit in 2021, declining by -7.7% against the previous year. In general, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of 3.4%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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