Western Africa: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in Western Africa

In 2022, the West African market for reel fed offset printing machinery decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a noticeable descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Reel Fed Offset Printing Machinery in Western Africa

In value terms, reel fed offset printing machinery production rose to $X in 2022 estimated in export price. Overall, production saw a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X,300% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Reel Fed Offset Printing Machinery

Exports in Western Africa

In 2022, approx. X units of reel fed offset printing machinery were exported in Western Africa; with an increase of X% against the previous year's figure. Overall, exports posted a mild expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, reel fed offset printing machinery exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 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 represented the largest exporter of reel fed offset printing machinery in Western Africa, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X units), comprising a X% share of total exports.

Ghana was also the fastest-growing in terms of the reel fed offset printing machinery exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana increased by X percentage points.

In value terms, Ghana ($X) remains the largest reel fed offset printing machinery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, 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 Ghana ($X per unit), while Nigeria totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Reel Fed Offset Printing Machinery

Imports in Western Africa

In 2022, supplies from abroad of reel fed offset printing machinery decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, reel fed offset printing machinery imports rose slightly to $X in 2022. In general, imports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units) represented the main importer of reel fed offset printing machinery, mixing up X% of total imports. It was distantly followed by Ghana (X units) and Sierra Leone (X units), together making up a X% share of total imports. Niger (X units), Guinea (X units), Togo (X units) and Gambia (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to reel fed offset printing machinery imports into Nigeria stood at X%. At the same time, Sierra Leone (X%), Niger (X%) and Togo (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Gambia experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Guinea (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Sierra Leone (X p.p.), Niger (X p.p.) and Togo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported reel fed offset printing machinery in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

In Nigeria, reel fed offset printing machinery imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a perceptible decrease. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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