Western Africa: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Western Africa

In 2022, the West African pneumatic elevator market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pneumatic Elevator Production in Western Africa

In value terms, pneumatic elevator production rose slightly to $X in 2022 estimated in export price. Overall, production, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Pneumatic Elevator Exports

Exports in Western Africa

In 2022, after three years of growth, there was significant decline in overseas shipments of pneumatic elevators and conveyors, when their volume decreased by X% to X units. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then fell sharply in the following year.

In value terms, pneumatic elevator exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal represented the major exporter of pneumatic elevators and conveyors in Western Africa, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Togo (X units) and Nigeria (X units), together committing a X% share of total exports. The following exporters - Mali (X units) and Mauritania (X units) - each accounted for a X% share of total exports.

Senegal was also the fastest-growing in terms of the pneumatic elevators and conveyors exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. Mauritania and Nigeria experienced a relatively flat trend pattern. By contrast, Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Togo, Nigeria and Mauritania increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) emerged as the largest pneumatic elevator supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the export price figures.

Pneumatic Elevator Imports

Imports in Western Africa

In 2022, overseas purchases of pneumatic elevators and conveyors increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Total imports indicated a noticeable expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic elevator imports surged to $X in 2022. Over the period under review, imports saw a mild expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Senegal (X units), distantly followed by Niger (X units), Nigeria (X units), Ghana (X units) and Cote d'Ivoire (X units) represented the largest importers of pneumatic elevators and conveyors, together generating X% of total imports. Guinea (X units) and Sierra Leone (X units) took a relatively small share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported pneumatic elevators and conveyors in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Senegal (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, shrinking by X% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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