Western Africa: Vices And Clamps Market 2024

Vices And Clamps Market Size in Western Africa

The West African vices and clamps market expanded slightly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Vices And Clamps Production in Western Africa

In value terms, vices and clamps production rose slightly to $X in 2022 estimated in export price. The total production indicated a tangible increase 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 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Vices And Clamps Exports

Exports in Western Africa

In 2022, shipments abroad of vices and clamps was finally on the rise to reach X tons after three years of decline. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vices and clamps exports skyrocketed to $X in 2022. In general, exports, however, saw a significant decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal was the key exporter of vices and clamps in Western Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X kg), Benin (X kg), Cote d'Ivoire (X kg) and Niger (X kg), together constituting a X% share of total exports. The following exporters - Guinea (X kg) and Mauritania (X kg) - each resulted at an X% share of total exports.

Senegal experienced a relatively flat trend pattern with regard to volume of exports of vices and clamps. At the same time, Niger (X%), Cote d'Ivoire (X%), Benin (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Mauritania (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Benin (X p.p.), Cote d'Ivoire (X p.p.), Niger (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) and Mauritania (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) emerged as the largest vices and clamps supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a deep contraction. 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 ton in 2014; however, from 2015 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 ($X per ton), while Benin ($X per ton) 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 mixed trends in the export price figures.

Vices And Clamps Imports

Imports in Western Africa

After two years of growth, supplies from abroad of vices and clamps decreased by X% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vices and clamps imports contracted modestly to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the main importer of vices and clamps, mixing up X% of total imports. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Burkina Faso (X tons), Niger (X tons) and Ghana (X tons). All these countries together held approx. X% share of total imports. The following importers - Senegal (X tons) and Guinea (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Cote d'Ivoire (X%), Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Cote d'Ivoire (X p.p.), Niger (X p.p.), Burkina Faso (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

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

In Nigeria, vices and clamps imports increased at 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

The import price in Western Africa stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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