Western Africa: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Western Africa

After two years of decline, the West African overhead travelling crane market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Overhead Travelling Crane Production in Western Africa

In value terms, overhead travelling crane production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Overhead Travelling Crane Exports

Exports in Western Africa

In 2022, overseas shipments of overhead travelling cranes on fixed support increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports, however, recorded a precipitous shrinkage. The pace of growth was the most pronounced 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, overhead travelling crane exports soared to $X in 2022. Overall, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X units) represented roughly X% of total exports in 2022.

Ghana was also the fastest-growing in terms of the overhead travelling cranes on fixed support exports, with a CAGR of X% from 2012 to 2022. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest overhead travelling crane supplier in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price saw a dramatic decline. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Overhead Travelling Crane Imports

Imports in Western Africa

In 2022, purchases abroad of overhead travelling cranes on fixed support was finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, overhead travelling crane imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the key importing country with an import of around X units, which resulted at X% of total imports. Ghana (X units) ranks second in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%) and Senegal (X%). Benin (X units), Togo (X units), Mali (X units), Guinea (X units), Liberia (X units), Niger (X units), Burkina Faso (X units) and Gambia (X units) held a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Togo (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Guinea, Ghana and Senegal experienced a relatively flat trend pattern. By contrast, Mali (X%), Gambia (X%), Burkina Faso (X%), Liberia (X%) and Benin (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Togo (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Liberia and Benin 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 ($X) constitutes the largest market for imported overhead travelling cranes on fixed support in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, overhead travelling crane 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, rising by X% against the previous year. Import price indicated a modest increase 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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 Togo (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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