Western Africa: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Western Africa

The West African non-numerically controlled sharpening machine market was estimated at $X in 2022, approximately equating the previous year. Over the period under review, consumption recorded a measured expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Western Africa

In value terms, non-numerically controlled sharpening machine production rose significantly to $X in 2022 estimated in export price. In general, production saw perceptible growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports in Western Africa

In 2022, shipments abroad of non-numerically controlled sharpening machines for working metal increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled sharpening machine exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Sierra Leone prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Guinea (X units), comprising a X% share of total exports.

Sierra Leone was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal exports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) displayed positive paces of growth. While the share of Sierra Leone (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Guinea (X p.p.) displayed negative dynamics.

In value terms, Sierra Leone ($X) emerged as the largest non-numerically controlled sharpening machine supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with a X% share of total exports.

In Sierra Leone, non-numerically controlled sharpening machine exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, waning by X% against the previous year. Overall, the export price faced a dramatic setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Guinea totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%).

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports in Western Africa

After three years of growth, overseas purchases of non-numerically controlled sharpening machines for working metal decreased by X% to X units in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021, and then declined significantly in the following year.

In value terms, non-numerically controlled sharpening machine imports contracted sharply to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

Nigeria dominates imports structure, recording X units, which was approx. X% of total imports in 2022. It was distantly followed by Ghana (X units), committing a X% share of total imports. The following importers - Cote d'Ivoire (X units), Senegal (X units), Benin (X units) and Guinea (X units) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the non-numerically controlled sharpening machines for working metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%), Senegal (X%) and Guinea (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-numerically controlled sharpening machines for working metal in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, non-numerically controlled sharpening machine imports 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: 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, with an increase of X% against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Ghana ($X per unit), while Benin ($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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