Western Africa: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Western Africa

The West African transporter and bridge cranes market expanded modestly to $X in 2022, rising by X% against the previous year. Overall, consumption posted a temperate expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Western Africa

In value terms, transporter and bridge cranes production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in Western Africa

In 2022, approx. X units of transporter cranes, gantry cranes and bridge cranes were exported in Western Africa; picking up by X% on the previous year. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, transporter and bridge cranes exports shrank markedly to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Benin was the major exporter of transporter cranes, gantry cranes and bridge cranes in Western Africa, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. Cote d'Ivoire (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%) and Togo (X%).

Exports from Benin decreased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Benin, Togo, Ghana and Cote d'Ivoire increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest transporter and bridge cranes supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Benin, with an X% share.

In Cote d'Ivoire, transporter and bridge cranes exports increased 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 Benin (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price faced a deep downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in Western Africa

In 2022, purchases abroad of transporter cranes, gantry cranes and bridge cranes increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, transporter and bridge cranes imports soared to $X in 2022. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria (X units) and Cote d'Ivoire (X units) represented roughly X% of total imports in 2022. Guinea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%). Burkina Faso (X units), Mali (X units) and Senegal (X units) took a relatively small share of total imports.

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

In value terms, the largest transporter and bridge cranes importing markets in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total imports.

Among the main importing countries, Cote d'Ivoire, 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

In 2022, the import price in Western Africa amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a mild downturn. The level of import peaked at $X per unit in 2013; however, from 2014 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 Nigeria ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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