Western Africa: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Western Africa

The West African wood milling machine market dropped to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wood Milling Machine Production in Western Africa

In value terms, wood milling machine production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wood Milling Machine Exports

Exports in Western Africa

In 2022, approx. X units of planing, milling or moulding machines were exported in Western Africa; waning by X% compared with 2021. In general, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood milling machine exports declined to $X in 2022. Over the period under review, exports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Ghana (X units) and Nigeria (X units) represented the key exporters of planing, milling or moulding machines in 2022, recording near X% and X% of total exports, respectively. It was distantly followed by Sierra Leone (X units) and Togo (X units), together achieving a X% share of total exports. The following exporters - Guinea (X units) and Cote d'Ivoire (X units) - each accounted for a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wood milling machine supplying countries in Western Africa were Ghana ($X), Sierra Leone ($X) and Nigeria ($X), with a combined X% share of total exports.

Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, rising by X% against the previous year. In general, the export price saw prominent growth. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, 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.

Wood Milling Machine Imports

Imports in Western Africa

In 2022, the amount of planing, milling or moulding machines imported in Western Africa dropped significantly to X units, which is down by X% compared with the previous year. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wood milling machine imports fell sharply to $X in 2022. In general, imports showed a slight decline. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ghana (X units) and Cote d'Ivoire (X units) were the major importers of planing, milling or moulding machines in Western Africa, together finishing at approx. X% of total imports. It was distantly followed by Nigeria (X units), constituting a X% share of total imports. Togo (X units), Senegal (X units), Benin (X units), Sierra Leone (X units), Cabo Verde (X units), Guinea (X units) and Burkina Faso (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood milling machine importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. Cabo Verde, Sierra Leone, Guinea, Benin, Senegal, Togo and Burkina Faso lagged somewhat behind, together comprising a further X%.

Benin, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, falling by X% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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