Western Africa: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Western Africa

In 2023, the West African footwear making machinery market decreased by X% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, recorded strong growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Footwear Making Machinery Production in Western Africa

In value terms, footwear making machinery production dropped to $X in 2023 estimated in export price. Overall, production recorded a deep downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Footwear Making Machinery Exports

Exports in Western Africa

In 2023, after two years of growth, there was decline in overseas shipments of machinery for making or repairing footwear, when their volume decreased by X% to X units. In general, exports posted measured growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X units. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, footwear making machinery exports surged to $X in 2023. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria was the main exporting country with an export of around X units, which amounted to X% of total exports. Cote d'Ivoire (X units) ranks second in terms of the total exports with a X% share, followed by Burkina Faso (X%).

Nigeria experienced a relatively flat trend pattern with regard to volume of exports of machinery for making or repairing footwear. Burkina Faso experienced a relatively flat trend pattern. Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria and Burkina Faso increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) remains the largest footwear making machinery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Nigeria was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, growing by X% against the previous year. In general, the export price showed a prominent increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, 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 Nigeria ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Footwear Making Machinery Imports

Imports in Western Africa

In 2023, overseas purchases of machinery for making or repairing footwear decreased by X% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, footwear making machinery imports fell dramatically to $X in 2023. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Nigeria represented the key importer of machinery for making or repairing footwear in Western Africa, with the volume of imports finishing at X units, which was near X% of total imports in 2023. Senegal (X units) held the second position in the ranking, distantly followed by Ghana (X units) and Cote d'Ivoire (X units). All these countries together took near X% share of total imports. Liberia (X units), Togo (X units) and Mali (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Cote d'Ivoire (X%), Togo (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Senegal (X p.p.), Liberia (X p.p.), Togo (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Mali (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported machinery for making or repairing footwear in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform