Western Africa: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in Western Africa

The West African pneumatic linear acting actuator market declined to $X in 2022, with a decrease of -7.9% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in Western Africa

In value terms, pneumatic linear acting actuator production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports in Western Africa

In 2022, exports of pneumatic linear acting actuators in Western Africa totaled X units, surging by 3.2% compared with the year before. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2019 with an increase of 186%. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 160% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Ghana (X units) was the largest exporter of pneumatic linear acting actuators, generating 76% of total exports. Nigeria (X units) took the second position in the ranking, followed by Senegal (X units) and Cabo Verde (X units). All these countries together took near 20% share of total exports. Benin (X units) held a minor share of total exports.

Exports from Ghana increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Senegal (+40.0%), Cabo Verde (+22.6%), Nigeria (+6.9%) and Benin (+3.0%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +40.0% from 2012-2022. Ghana (+7.7 p.p.), Senegal (+4.3 p.p.) and Cabo Verde (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Benin and Nigeria saw its share reduced by -2% and -2.3% from 2012 to 2022, respectively.

In value terms, Ghana ($X) remains the largest pneumatic linear acting actuator supplier in Western Africa, comprising 76% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 13% share of total exports. It was followed by Cabo Verde, with a 4.9% share.

In Ghana, pneumatic linear acting actuator exports expanded at an average annual rate of +10.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (+4.8% per year) and Cabo Verde (+23.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, jumping by 21% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 66%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 Nigeria ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in Western Africa

In 2022, supplies from abroad of pneumatic linear acting actuators decreased by -36.9% to X units for the first time since 2016, thus ending a five-year rising trend. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 130% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, pneumatic linear acting actuator imports declined dramatically to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 130% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the major importer of pneumatic linear acting actuators in Western Africa, with the volume of imports finishing at X units, which was approx. 67% of total imports in 2022. It was distantly followed by Ghana (X units), making up a 20% share of total imports. Cote d'Ivoire (X units), Guinea (X units) and Mali (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pneumatic linear acting actuator imports into Nigeria stood at +25.7%. At the same time, Guinea (+39.4%), Cote d'Ivoire (+21.0%), Ghana (+17.1%) and Mali (+15.0%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +39.4% from 2012-2022. While the share of Nigeria (+14 p.p.) and Guinea (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pneumatic linear acting actuators in Western Africa, comprising 62% of total imports. The second position in the ranking was taken by Ghana ($X), with a 15% share of total imports. It was followed by Cote d'Ivoire, with a 6.6% share.

In Nigeria, pneumatic linear acting actuator imports expanded at an average annual rate of +19.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+4.9% per year) and Cote d'Ivoire (+8.6% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, increasing by 12% against the previous year. In general, the import price, however, saw a abrupt slump. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Mali ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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