ECOWAS: Industrial Brewery Machinery Market 2024

Industrial Brewery Machinery Market Size in ECOWAS

In 2022, the ECOWAS industrial brewery machinery market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, saw a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Brewery Machinery Production in ECOWAS

In value terms, industrial brewery machinery production fell to $X in 2022 estimated in export price. In general, production showed a pronounced setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Industrial Brewery Machinery Exports

Exports in ECOWAS

Industrial brewery machinery exports skyrocketed to X units in 2022, growing by X% against 2021 figures. Overall, exports posted a buoyant increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial brewery machinery exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Benin was the largest exporting country with an export of around X units, which accounted for X% of total exports. It was distantly followed by Niger (X units) and Burkina Faso (X units), together creating a X% share of total exports.

Benin was also the fastest-growing in terms of the industrial brewery machinery exports, with a CAGR of X% from 2012 to 2022. Burkina Faso experienced a relatively flat trend pattern. Niger (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Benin, Niger and Burkina Faso increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Niger ($X) emerged as the largest industrial brewery machinery supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Niger stood at X%. In the other countries, the average annual rates were as follows: Benin (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price showed prominent growth. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat 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 Niger ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Industrial Brewery Machinery Imports

Imports in ECOWAS

In 2022, industrial brewery machinery imports in ECOWAS soared to X units, with an increase of X% compared with the previous year. Overall, imports, however, saw a mild contraction. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial brewery machinery imports surged to $X in 2022. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Togo was the largest importing country with an import of around X units, which amounted to X% of total imports. Ghana (X units) held the second position in the ranking, followed by Cote d'Ivoire (X units). All these countries together held near X% share of total imports. Nigeria (X units), Benin (X units), Burkina Faso (X units) and Mali (X units) held a little share of total imports.

Togo was also the fastest-growing in terms of the industrial brewery machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Mali (X%) and Burkina Faso (X%) displayed positive paces of growth. By contrast, Ghana (X%), Benin (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo and Cote d'Ivoire increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Togo, Mali, Burkina Faso and Benin lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform