Western Africa: Market for Turbo-Jets Of A Thrust Not Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Not Exceeding 25 kN in Western Africa

In 2022, the West African turbo-jet (under X kN) market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Turbo-Jets Of A Thrust Not Exceeding X kN in Western Africa

In value terms, turbo-jet (under X kN) production expanded notably to $X in 2022 estimated in export price. In general, production showed a slight expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Exports in Western Africa

In 2022, the amount of turbo-jets of a thrust not exceeding X kN exported in Western Africa totaled X units, stabilizing at the previous year's figure. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, turbo-jet (under X kN) exports contracted to $X in 2022. Overall, exports continue to indicate temperate growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of turbo-jets of a thrust not exceeding X kN, namely Ghana, represented more than two-thirds of total export.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of turbo-jets of a thrust not exceeding X kN. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest turbo-jet (under X kN) supplier in Western Africa.

In Ghana, turbo-jet (under X kN) exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Imports of Turbo-Jets Of A Thrust Not Exceeding 25 kN

Imports in Western Africa

In 2022, overseas purchases of turbo-jets of a thrust not exceeding X kN were finally on the rise to reach X units after two years of decline. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, turbo-jet (under X kN) imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana represented the largest importer of turbo-jets of a thrust not exceeding X kN in Western Africa, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Nigeria (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Niger (X%). The following importers - Cabo Verde (X units) and Senegal (X units) - each recorded a X% share of total imports.

Ghana was also the fastest-growing in terms of the turbo-jets of a thrust not exceeding X kN imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Cabo Verde and Senegal experienced a relatively flat trend pattern. By contrast, Nigeria (X%) and Niger (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Nigeria (X p.p.), Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total imports, while Niger saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported turbo-jets of a thrust not exceeding X kN in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, turbo-jet (under X kN) imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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