Western Africa: Transport Container Market 2024

Transport Container Market Size in Western Africa

The West African transport container market totaled $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated notable 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 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Transport Container Production in Western Africa

In value terms, transport container production reached $X in 2022 estimated in export price. The total production indicated a temperate expansion 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Transport Container Exports

Exports in Western Africa

In 2022, overseas shipments of transport containers were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a pronounced curtailment. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, transport container exports soared to $X in 2022. In general, exports, however, saw a deep downturn. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the major exporter of transport containers in Western Africa, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Liberia (X units) took the second position in the ranking, followed by Senegal (X units), Burkina Faso (X units) and Ghana (X units). All these countries together took near X% share of total exports. Niger (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to transport container exports from Cote d'Ivoire stood at X%. At the same time, Liberia (X%), Burkina Faso (X%), Ghana (X%) and Niger (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Liberia (X p.p.), Burkina Faso (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal 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, Cote d'Ivoire ($X), Niger ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Niger, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Niger ($X per unit), while Liberia ($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.

Transport Container Imports

Imports in Western Africa

In 2022, overseas purchases of transport containers decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, transport container imports soared to $X in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ghana (X units), distantly followed by Nigeria (X units), Niger (X units), Senegal (X units), Mali (X units) and Togo (X units) were the main importers of transport containers, together achieving X% of total imports. Burkina Faso (X units) held a little share of total imports.

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

In value terms, the largest transport container importing markets in Western Africa were Niger ($X), Nigeria ($X) and Ghana ($X), together accounting for X% of total imports.

Among the main importing countries, Niger, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, picking up by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price 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, transport container import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Niger ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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