ECOWAS: Bottle Cleaning Machine Market 2024

Bottle Cleaning Machine Market Size in ECOWAS

In 2022, the ECOWAS bottle cleaning machine market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Bottle Cleaning Machine Production in ECOWAS

In value terms, bottle cleaning machine production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Bottle Cleaning Machine Exports

Exports in ECOWAS

In 2022, bottle cleaning machine exports in ECOWAS soared to X units, rising by X% against 2021 figures. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, bottle cleaning machine exports fell sharply to $X in 2022. In general, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units) and Liberia (X units) represented roughly X% of total exports in 2022. Ghana (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X) remains the largest bottle cleaning machine supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Liberia, bottle cleaning machine exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a noticeable slump. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

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 Liberia ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Bottle Cleaning Machine Imports

Imports in ECOWAS

In 2022, supplies from abroad of machinery for cleaning or drying bottles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bottle cleaning machine imports dropped sharply to $X in 2022. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X units), Ghana (X units) and Guinea (X units), together making up a X% share of total imports. Senegal (X units), Mali (X units) and Burkina Faso (X units) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%) and Mali (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana and Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Senegal (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Guinea (X p.p.), Cote d'Ivoire (X p.p.), Ghana (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported machinery for cleaning or drying bottles in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. 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 ECOWAS stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices attained the maximum 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 ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform