Western Africa: Vacuum Pump Market 2024

Vacuum Pump Market Size in Western Africa

The West African vacuum pump market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Vacuum Pump Production in Western Africa

In value terms, vacuum pump production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Vacuum Pump Exports

Exports in Western Africa

In 2022, shipments abroad of vacuum pumps decreased by X% to X units, falling for the third year in a row after five years of growth. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, vacuum pump exports dropped to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana (X units) and Nigeria (X units) represented the key exporters of vacuum pumps in 2022, accounting for approx. X% and X% of total exports, respectively. Sierra Leone (X units) took the next position in the ranking, distantly followed by Gambia (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Gambia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest vacuum pump supplying countries in Western Africa were Ghana ($X), Sierra Leone ($X) and Nigeria ($X), with a combined X% share of total exports. These countries were followed by Gambia, which accounted for a further X%.

In terms of the main exporting countries, Gambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, surging by X% against the previous year. In general, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Sierra Leone ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Vacuum Pump Imports

Imports in Western Africa

Vacuum pump imports contracted notably to X units in 2022, dropping by X% compared with 2021 figures. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then dropped notably in the following year.

In value terms, vacuum pump imports dropped sharply to $X in 2022. Over the period under review, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the main importing country with an import of around X units, which recorded X% of total imports. Cote d'Ivoire (X units) held the second position in the ranking, followed by Ghana (X units) and Senegal (X units). All these countries together held near X% share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.), Ghana (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported vacuum pumps in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, vacuum pump 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: Cote d'Ivoire (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, stabilizing at the previous year. Over the period under review, the import price showed a slight reduction. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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