Western Africa: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Western Africa

The West African full-rotation excavator market shrank slightly to $X,574.4B in 2022, waning by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X,552.8B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Full-Rotation Excavator Production in Western Africa

In value terms, full-rotation excavator production dropped to $X,569.5B in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X,640.5B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Full-Rotation Excavator Exports

Exports in Western Africa

In 2022, the amount of self-propelled full-rotation excavators and bulldozers exported in Western Africa totaled X units, surging by X% compared with the previous year. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, full-rotation excavator exports rose rapidly to $X in 2022. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cote d'Ivoire (X units) and Burkina Faso (X units) represented the key exporters of self-propelled full-rotation excavators and bulldozers in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by Senegal (X units), Ghana (X units) and Togo (X units), together creating a X% share of total exports. The following exporters - Guinea (X units) and Mali (X units) - each accounted for a X% share of total exports.

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

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

Among the main exporting countries, Cote d'Ivoire, 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, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Guinea ($X per unit), while Mali ($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.

Full-Rotation Excavator Imports

Imports in Western Africa

After five years of growth, supplies from abroad of self-propelled full-rotation excavators and bulldozers decreased by X% to X units in 2022. Over the period under review, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, full-rotation excavator imports shrank sharply to $X in 2022. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Ghana was the key importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Nigeria (X units), Guinea (X units), Mali (X units), Cote d'Ivoire (X units) and Senegal (X units), together generating a X% share of total imports. Benin (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to full-rotation excavator imports into Ghana stood at X%. At the same time, Cote d'Ivoire (X%), Mali (X%), Benin (X%), Senegal (X%), Guinea (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Ghana (X p.p.), Cote d'Ivoire (X p.p.), Mali (X p.p.), Guinea (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported self-propelled full-rotation excavators and bulldozers in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

In Ghana, full-rotation excavator imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (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, reducing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Mali ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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