Western Africa: Market for Machinery for Filtering or Purifying Gases 2024

Market Size for Machinery for Filtering or Purifying Gases in Western Africa

In 2022, the West African market for machinery for filtering or purifying gases decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery for Filtering or Purifying Gases in Western Africa

In value terms, production of machinery for filtering or purifying gases rose slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Machinery for Filtering or Purifying Gases

Exports in Western Africa

In 2022, after two years of decline, there was growth in overseas shipments of machinery for filtering or purifying gases, when their volume increased by X% to X units. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of machinery for filtering or purifying gases contracted sharply to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Ghana (X units) and Burkina Faso (X units) represented roughly X% of total exports in 2022. Benin (X units) ranks next in terms of the total exports with an X% share, followed by Sierra Leone (X%), Cote d'Ivoire (X%), Mali (X%), Guinea (X%) and Senegal (X%).

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

In value terms, Sierra Leone ($X), Ghana ($X) and Guinea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Sierra Leone, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Guinea ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Imports of Machinery for Filtering or Purifying Gases

Imports in Western Africa

In 2022, overseas purchases of machinery for filtering or purifying gases decreased by X% to X units, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of machinery for filtering or purifying gases reduced remarkably to $X in 2022. Overall, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Nigeria represented the main importing country with an import of around X units, which finished at X% of total imports. Senegal (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Ghana (X%). The following importers - Guinea (X units), Mali (X units) and Burkina Faso (X units) - together made up X% of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%), Senegal (X%), Guinea (X%), Cote d'Ivoire (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal, Cote d'Ivoire, Guinea and Mali increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: 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, shrinking by X% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Senegal ($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 import price figures.

Source: IndexBox Platform

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