Western Africa: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Western Africa

The West African market for parts of harvester and threshers contracted to $X in 2021, waning by -8.1% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Parts Of Harvester And Threshers in Western Africa

In value terms, parts of harvester and threshers production shrank to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +10.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 44%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports in Western Africa

In 2021, after two years of decline, there was significant growth in shipments abroad of parts of harvester and threshers, when their volume increased by 302% to X units. Overall, exports continue to indicate a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sierra Leone represented the major exporting country with an export of around X units, which amounted to 82% of total exports. It was distantly followed by Mali (X units), constituting an 11% share of total exports. Niger (X units) took a relatively small share of total exports.

Sierra Leone was also the fastest-growing in terms of the parts of harvester and threshers exports, with a CAGR of +78.2% from 2012 to 2021. At the same time, Mali (+35.2%) displayed positive paces of growth. Niger experienced a relatively flat trend pattern. From 2012 to 2021, the share of Sierra Leone and Mali increased by +80 and +8.2 percentage points, respectively.

In value terms, Sierra Leone ($X) emerged as the largest parts of harvester and threshers supplier in Western Africa, comprising 77% of total exports. The second position in the ranking was taken by Mali ($X), with a 15% share of total exports.

In Sierra Leone, parts of harvester and threshers exports expanded at an average annual rate of +74.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+43.5% per year) and Niger (+8.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, reducing by -23.5% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parts of harvester and threshers export price increased by +108.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 93%. The level of export peaked at $X per unit in 2020, and then contracted notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mali ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in Western Africa

In 2021, approx. X units of parts of harvester and threshers were imported in Western Africa; growing by 11% compared with the previous year's figure. Overall, imports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2014 when imports increased by 84%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, parts of harvester and threshers imports shrank to $X in 2021. Over the period under review, imports showed a tangible increase. The pace of growth was the most pronounced in 2014 with an increase of 51%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Senegal (X units), Nigeria (X units) and Ghana (X units) represented roughly 74% of total imports in 2021. It was distantly followed by Mauritania (X units) and Cote d'Ivoire (X units), together committing a 14% share of total imports. Guinea (X units), Togo (X units) and Gambia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +39.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) constitutes the largest market for imported parts of harvester and threshers in Western Africa, comprising 44% of total imports. The second position in the ranking was taken by Ghana ($X), with a 16% share of total imports. It was followed by Nigeria, with a 16% share.

In Senegal, parts of harvester and threshers imports expanded at an average annual rate of +12.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+20.6% per year) and Nigeria (-6.8% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, with a decrease of -17% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 68% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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