Western Africa: Threshing Machinery Market 2024

Threshing Machinery Market Size in Western Africa

The West African threshing machinery market expanded sharply to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Threshing Machinery Production in Western Africa

In value terms, threshing machinery production totaled $X in 2023 estimated in export price. In general, production showed a mild increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Threshing Machinery Exports

Exports in Western Africa

In 2023, shipments abroad of threshing machinery except combine harvester-threshers increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, threshing machinery exports fell modestly to $X in 2023. In general, exports, however, showed a noticeable decline. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Senegal prevails in exports structure, amounting to X units, which was near X% of total exports in 2023. It was distantly followed by Ghana (X units), mixing up a X% share of total exports. Mali (X units) held a relatively small share of total exports.

Senegal was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of X% from 2012 to 2023. Ghana (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ghana (X p.p.) and Mali (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) remains the largest threshing machinery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Senegal, threshing machinery exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Mali (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. In general, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, 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 Ghana ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Threshing Machinery Imports

Imports in Western Africa

In 2023, threshing machinery imports in Western Africa soared to X units, growing by X% against 2022. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, threshing machinery imports expanded notably to $X in 2023. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2013 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Nigeria (X units) and Ghana (X units) represented the key importers of threshing machinery except combine harvester-threshers in 2023, resulting at near X% and X% of total imports, respectively. Benin (X units) ranks next in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%). The following importers - Mali (X units), Senegal (X units) and Guinea (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest threshing machinery importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Benin ($X), together comprising X% of total imports.

Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, 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 showed a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, 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