Western Africa: Market for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers 2024

Market Size for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in Western Africa

In 2023, the West African vapour generating boiler parts market decreased by X% to $X, falling for the third year in a row after three years of growth. In general, consumption, however, saw resilient growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Production of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in Western Africa

In value terms, vapour generating boiler parts production totaled $X in 2023 estimated in export price. Overall, production, however, recorded a resilient expansion. 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 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

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Exports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Exports in Western Africa

In 2023, shipments abroad of parts of vapour generating boilers and super-heater water boilers increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, vapour generating boiler parts exports contracted to $X in 2023. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Ghana represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Senegal (X kg) and Cote d'Ivoire (X kg), together generating a X% share of total exports.

Ghana was also the fastest-growing in terms of the parts of vapour generating boilers and super-heater water boilers exports, with a CAGR of X% from 2012 to 2023. Senegal (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana and Senegal increased by X and X percentage points, respectively.

In value terms, the largest vapour generating boiler parts supplying countries in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), together comprising X% of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, dropping by X% against the previous year. In general, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Imports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Imports in Western Africa

In 2023, overseas purchases of parts of vapour generating boilers and super-heater water boilers decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, vapour generating boiler parts imports fell significantly to $X in 2023. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the largest importer of parts of vapour generating boilers and super-heater water boilers in Western Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Ghana (X tons), Cote d'Ivoire (X tons) and Senegal (X tons), together committing a X% share of total imports. Guinea (X tons), Mali (X tons) and Liberia (X tons) 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, Guinea (X%), Ghana (X%), Mali (X%), Cote d'Ivoire (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Cote d'Ivoire, Nigeria and Guinea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported parts of vapour generating boilers and super-heater water boilers in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria totaled X%. 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

The import price in Western Africa stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, 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 Liberia ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform