Western Africa: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Western Africa

In 2022, the West African lathe for removing metal market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption continues to indicate a pronounced slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Lathes For Removing Metal in Western Africa

In value terms, lathe for removing metal production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, lafor removing metal production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Lathes For Removing Metal

Exports in Western Africa

In 2022, the amount of lathes for removing metal exported in Western Africa dropped sharply to X units, reducing by X% against 2021. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the lafor removing metal exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lathe for removing metal exports soared to $X in 2022. Overall, exports saw a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Nigeria (X units), Ghana (X units) and Niger (X units), together reaching X% of total export. It was distantly followed by Cote d'Ivoire (X units), Mali (X units), Togo (X units) and Burkina Faso (X units), together constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Togo ($X), Cote d'Ivoire ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Togo, 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, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 Togo ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports in Western Africa

In 2022, supplies from abroad of lathes for removing metal decreased by X% to X units, falling for the second consecutive year after four years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, lafor removing metal imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, lathe for removing metal imports contracted to $X in 2022. Over the period under review, imports saw a mild shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ghana was the main importer of lathes for removing metal in Western Africa, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Togo (X units) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%), Cote d'Ivoire (X%) and Mali (X%). Senegal (X units), Niger (X units), Guinea (X units), Liberia (X units), Sierra Leone (X units), Burkina Faso (X units), Benin (X units) and Gambia (X units) followed a long way behind the leaders.

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

In value terms, Nigeria ($X), Ghana ($X) and Togo ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Togo, with a CAGR of X%, 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 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Nigeria ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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