Western Africa: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Western Africa

In 2022, the West African industrial automatic sewing machine market decreased by X% to $X, falling for the second year in a row after six years of growth. Overall, consumption, however, posted a significant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Industrial Automatic Sewing Machines in Western Africa

In value terms, industrial automatic sewing machine production totaled $X in 2022 estimated in export price. Over the period under review, production posted a temperate expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Industrial Automatic Sewing Machines

Exports in Western Africa

In 2022, the amount of industrial automatic sewing machines exported in Western Africa dropped to X units, with a decrease of X% on 2021. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, industrial automatic sewing machine exports surged to $X in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X units) represented the key exporter of industrial automatic sewing machines, comprising X% of total exports. Nigeria (X units) ranks second in terms of the total exports with an X% share, followed by Cabo Verde (X%) and Senegal (X%).

Ghana was also the fastest-growing in terms of the industrial automatic sewing machines exports, with a CAGR of X% from 2012 to 2022. Cabo Verde experienced a relatively flat trend pattern. Nigeria (X%) and Senegal (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Cabo Verde (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest industrial automatic sewing machine supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cabo Verde ($X), with an X% share of total exports. It was followed by Senegal, with a X% share.

In Ghana, industrial automatic sewing machine 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: Cabo Verde (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Imports of Industrial Automatic Sewing Machines

Imports in Western Africa

In 2022, purchases abroad of industrial automatic sewing machines decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, industrial automatic sewing machine imports dropped to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units) represented the major importer of industrial automatic sewing machines, mixing up X% of total imports. Ghana (X units) ranks second in terms of the total imports with a X% share, followed by Mali (X%). Mauritania (X units) and Cote d'Ivoire (X units) held a little share of total imports.

Nigeria was also the fastest-growing in terms of the industrial automatic sewing machines imports, with a CAGR of X% from 2012 to 2022. At the same time, Mali (X%), Mauritania (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Mali (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported industrial automatic sewing machines in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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