Western Africa: Beverage Manufacturing Press Market 2024

Beverage Manufacturing Press Market Size in Western Africa

The West African beverage manufacturing press market declined to $X in 2023, falling by X% against the previous year. In general, consumption saw a perceptible reduction. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Beverage Manufacturing Press Production in Western Africa

In value terms, beverage manufacturing press production reduced slightly to $X in 2023 estimated in export price. Overall, production continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

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Beverage Manufacturing Press Exports

Exports in Western Africa

In 2023, the amount of presses and crushers for beverages manufacturing exported in Western Africa declined dramatically to X tons, waning by X% against 2022 figures. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2022 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, beverage manufacturing press exports contracted sharply to $X in 2023. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sierra Leone was the main exporter of presses and crushers for beverages manufacturing in Western Africa, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. Senegal (X tons) took the second position in the ranking, followed by Mali (X kg) and Ghana (X kg). All these countries together took near X% share of total exports. The following exporters - Cabo Verde (X kg) and Benin (X kg) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to beverage manufacturing press exports from Sierra Leone stood at X%. At the same time, Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. Benin experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sierra Leone, Senegal, Mali, Cabo Verde and Benin increased by X, X, X, X and X percentage points, respectively.

In value terms, Sierra Leone ($X) remains the largest beverage manufacturing press supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Sierra Leone, beverage manufacturing press exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mali (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price enjoyed a moderate increase. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Benin ($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 mixed trends in the export price figures.

Beverage Manufacturing Press Imports

Imports in Western Africa

Beverage manufacturing press imports declined notably to X tons in 2023, waning by X% compared with 2022 figures. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, beverage manufacturing press imports declined remarkably to $X in 2023. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the main importer of presses and crushers for beverages manufacturing in Western Africa, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Togo (X%) and Liberia (X%). The following importers - Senegal (X tons), Guinea (X tons) and Benin (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to beverage manufacturing press imports into Nigeria stood at X%. At the same time, Senegal (X%), Liberia (X%), Guinea (X%) and Togo (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Benin (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.), Ghana (X p.p.), Liberia (X p.p.), Senegal (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Nigeria ($X) and Liberia ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Senegal, Guinea, Togo and Benin lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 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 ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform