Western Africa: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Western Africa

In 2022, the West African non-electric pulley tackle market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Electric Pulley Tackle Production in Western Africa

In value terms, non-electric pulley tackle production rose significantly to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Non-Electric Pulley Tackle Exports

Exports in Western Africa

Non-electric pulley tackle exports skyrocketed to X units in 2022, jumping by X% against the previous year. Over the period under review, exports recorded a noticeable expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports attained the peak of X units; afterwards, it flattened through to 2022.

In value terms, non-electric pulley tackle exports skyrocketed to $X in 2022. In general, exports, however, recorded a deep downturn. The pace of growth appeared 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 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Benin (X units) and Senegal (X units), together creating a X% share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Benin (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X), Ghana ($X) and Benin ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

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

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Non-Electric Pulley Tackle Imports

Imports in Western Africa

In 2022, purchases abroad of pulley tackle and hoists, non-powered by electric motor decreased by X% to X units, falling for the third consecutive year after six years of growth. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-electric pulley tackle imports dropped sharply to $X in 2022. In general, imports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-electric pulley tackle imports in 2022 were Nigeria (X units), Senegal (X units), Cote d'Ivoire (X units) and Guinea (X units), together reaching X% of total import. It was distantly followed by Ghana (X units), committing a X% share of total imports. The following importers - Burkina Faso (X units) and Mauritania (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among 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 2022, the import price in Western Africa amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritania ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform