Western Africa: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Western Africa

The West African ride-on compaction equipment market expanded rapidly to $X in 2022, growing by X% against the previous year. The total consumption indicated prominent 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, consumption increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the near future.

Ride-On Compaction Equipment Production in Western Africa

In value terms, ride-on compaction equipment production rose notably to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ride-On Compaction Equipment Exports

Exports in Western Africa

For the third consecutive year, Western Africa recorded decline in overseas shipments of ride-on compaction equipment, which decreased by X% to X units in 2022. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports contracted to $X in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded 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

Burkina Faso (X units) and Niger (X units) represented the major exporters of ride-on compaction equipment in 2022, resulting at near X% and X% of total exports, respectively. Mali (X units) took the next position in the ranking, followed by Ghana (X units) and Togo (X units). All these countries together took near X% share of total exports. Guinea (X units), Cote d'Ivoire (X units), Liberia (X units), Sierra Leone (X units), Benin (X units), Senegal (X units), Mauritania (X units) and Nigeria (X units) followed a long way behind the leaders.

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

In value terms, the largest ride-on compaction equipment supplying countries in Western Africa were Burkina Faso ($X), Niger ($X) and Togo ($X), together comprising X% of total exports.

Among the main exporting countries, Niger, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Liberia ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Ride-On Compaction Equipment Imports

Imports in Western Africa

Ride-on compaction equipment imports expanded significantly to X units in 2022, picking up by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, ride-on compaction equipment imports declined slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire (X units) and Nigeria (X units) represented roughly X% of total imports in 2022. Ghana (X units) ranks next in terms of the total imports with a X% share, followed by Niger (X%), Senegal (X%) and Guinea (X%). Burkina Faso (X units) followed a long way behind the leaders.

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

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price saw a mild decline. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 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 Ghana ($X per unit), while Niger ($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 a decline in the import price figures.

Source: IndexBox Platform