Western Africa: Thermoforming Machine Market 2024

Thermoforming Machine Market Size in Western Africa

The West African thermoforming machine market was estimated at $X in 2022, rising by X% against the previous year. In general, consumption continues to indicate a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Thermoforming Machine Production in Western Africa

In value terms, thermoforming machine production rose markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X.6B in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Thermoforming Machine Exports

Exports in Western Africa

In 2022, exports of thermoforming machines for working rubber or plastics in Western Africa soared to X units, jumping by X% compared with 2021. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, thermoforming machine exports surged to $X in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Gambia was the major exporting country with an export of about X units, which recorded X% of total exports. Ghana (X units) ranks second in terms of the total exports with an X% share, followed by Nigeria (X%), Senegal (X%) and Togo (X%).

Gambia experienced a relatively flat trend pattern with regard to volume of exports of thermoforming machines for working rubber or plastics. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Senegal and Nigeria experienced a relatively flat trend pattern. By contrast, Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Gambia and Senegal increased by X and X percentage points, respectively.

In value terms, Gambia ($X) emerged as the largest thermoforming machine supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Gambia was relatively modest. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Thermoforming Machine Imports

Imports in Western Africa

In 2022, thermoforming machine imports in Western Africa soared to X units, picking up by X% against the previous year's figure. In general, imports enjoyed a temperate expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, thermoforming machine imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria represented the largest importer of thermoforming machines for working rubber or plastics in Western Africa, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Gambia (X units) ranks second in terms of the total imports with a X% share, followed by Ghana (X%).

From 2012 to 2022, average annual rates of growth with regard to thermoforming machine imports into Nigeria stood at X%. At the same time, Gambia (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Gambia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported thermoforming machines for working rubber or plastics in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

In Nigeria, thermoforming machine 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: Ghana (X% per year) and Gambia (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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