Report Update Nov 1, 2024

ECOWAS - Dry-Cleaning Machines - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in ECOWAS

In 2021, after three years of growth, there was significant decline in the ECOWAS dry-cleaning machine market, when its value decreased by -63.7% to $X. Over the period under review, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Dry-Cleaning Machine Production in ECOWAS

In value terms, dry-cleaning machine production fell to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2014 with an increase of 3,665%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Dry-Cleaning Machine Exports

Exports in ECOWAS

In 2020, after two years of decline, there was decline in shipments abroad of dry-cleaning machines, when their volume decreased by 0% to X units. Overall, exports saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 32,300%. As a result, the exports attained the peak of X units. From 2015 to 2020, the growth of the exports remained at a somewhat lower figure.

In value terms, dry-cleaning machine exports soared to $X in 2020. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2020, jumping by 239% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by 172,589% against the previous year. The level of export peaked at $X per unit in 2017; afterwards, it flattened through to 2020.

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

From 2013 to 2020, the rate of growth in terms of prices for Togo amounted to +7.7% per year.

Dry-Cleaning Machine Imports

Imports in ECOWAS

In 2021, after three years of growth, there was significant decline in purchases abroad of dry-cleaning machines, when their volume decreased by -56% to X units. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 154%. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, dry-cleaning machine imports dropped dramatically to $X in 2021. Overall, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 157% against the previous year. The level of import peaked at $X in 2020, and then fell sharply in the following year.

Imports by Country

Nigeria represented the largest importer of dry-cleaning machines in ECOWAS, with the volume of imports amounting to X units, which was approx. 77% of total imports in 2021. Gambia (X units) held the second position in the ranking, followed by Senegal (X units). All these countries together took near 15% share of total imports. Mali (X units) and Burkina Faso (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to dry-cleaning machine imports into Nigeria stood at +20.4%. At the same time, Gambia (+27.1%) and Senegal (+22.0%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +27.1% from 2012-2021. By contrast, Burkina Faso (-7.6%) and Mali (-15.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria, Gambia, Senegal and Burkina Faso increased by +51, +8.2, +3.3 and +1.6 percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported dry-cleaning machines in ECOWAS, comprising 96% of total imports. The second position in the ranking was held by Senegal ($X), with a 2.1% share of total imports. It was followed by Mali, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+41.7% per year) and Mali (-3.3% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2021, shrinking by -49.2% against the previous year. In general, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by 227% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, 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 ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+16.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the dry-cleaning machine market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28942250 - Dry-cleaning machines

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023