Western Africa: Paper Making Machinery Market 2024

Paper Making Machinery Market Size in Western Africa

The West African paper making machinery market stood at $X.2B in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a prominent expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paper Making Machinery Production in Western Africa

In value terms, paper making machinery production expanded sharply to $X.7B in 2022 estimated in export price. Over the period under review, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Paper Making Machinery Exports

Exports in Western Africa

In 2022, overseas shipments of machinery for making up paper pulp, paper or paperboard decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a pronounced increase. 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 units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, paper making machinery exports soared to $X in 2022. Overall, exports, however, enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Nigeria (X units) was the largest exporter of machinery for making up paper pulp, paper or paperboard, comprising X% of total exports. Ghana (X units) held the second position in the ranking, distantly followed by Cote d'Ivoire (X units) and Burkina Faso (X units). All these countries together took approx. X% share of total exports. The following exporters - Senegal (X units) and Togo (X units) - each finished at an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the largest paper making machinery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Nigeria ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Paper Making Machinery Imports

Imports in Western Africa

Paper making machinery imports reduced to X units in 2022, which is down by X% on the previous year's figure. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, paper making machinery imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

Nigeria represented the largest importing country with an import of about X units, which reached X% of total imports. Ghana (X units) ranks second in terms of the total imports with a X% share, followed by Senegal (X%). Cote d'Ivoire (X units), Guinea (X units) and Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paper making machinery imports into Nigeria stood at X%. At the same time, Guinea (X%), Benin (X%), Ghana (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.), Senegal (X p.p.), Guinea (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, paper making machinery imports contracted by an average annual rate of X% over the period from 2012-2022. 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

In 2022, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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