Western Africa: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Western Africa

The West African self-propelled excavating machinery market fell to $X in 2022, waning by X% against the previous year. In general, consumption showed a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in Western Africa

In value terms, self-propelled excavating machinery production shrank to $X in 2022 estimated in export price. In general, production showed a deep slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports in Western Africa

In 2022, approx. X units of self-propelled earth moving, excavating machinery were exported in Western Africa; dropping by X% against the previous year. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, self-propelled excavating machinery exports soared to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporter of self-propelled earth moving, excavating machinery in Western Africa, with the volume of exports finishing at X units, which was near X% of total exports in 2022. Ghana (X units) ranks second in terms of the total exports with an X% share, followed by Sierra Leone (X%), Burkina Faso (X%), Nigeria (X%) and Senegal (X%).

Cote d'Ivoire was also the fastest-growing in terms of the self-propelled earth moving, excavating machinery exports, with a CAGR of X% from 2012 to 2022. Burkina Faso experienced a relatively flat trend pattern. Sierra Leone (X%), Ghana (X%), Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Nigeria (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sierra Leone (X p.p.), Ghana (X p.p.) and Senegal (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) remains the largest self-propelled excavating machinery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

In Cote d'Ivoire, self-propelled excavating machinery exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price showed a pronounced expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Self-Propelled Excavating Machinery Imports

Imports in Western Africa

In 2022, self-propelled excavating machinery imports in Western Africa expanded markedly to X units, with an increase of X% against 2021. Total imports indicated a mild increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, self-propelled excavating machinery imports rose to $X in 2022. Overall, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of self-propelled earth moving, excavating machinery, namely Sierra Leone, Guinea, Nigeria, Cabo Verde and Ghana, represented more than two-thirds of total import. It was distantly followed by Gambia (X units), committing a X% share of total imports. Liberia (X units), Cote d'Ivoire (X units), Mali (X units), Togo (X units), Mauritania (X units), Burkina Faso (X units) and Senegal (X units) followed a long way behind the leaders.

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

In value terms, Guinea ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Guinea stood at X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Liberia (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, continues to indicate temperate growth. The growth pace was the most rapid in 2019 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the 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 ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :