ECOWAS: Metal Deburring Machine Market 2025

Metal Deburring Machine Market Size in ECOWAS

In 2021, the ECOWAS metal deburring machine market decreased by -22% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Deburring Machine Production in ECOWAS

In value terms, metal deburring machine production surged to $X in 2021 estimated in export price. The total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Metal Deburring Machine Exports

Exports in ECOWAS

In 2021, approx. X units of machines for deburring or polishing metal were exported in ECOWAS; growing by 26% compared with the year before. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 130% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, metal deburring machine exports dropped rapidly to $X in 2021. In general, exports posted temperate growth. The most prominent rate of growth was recorded in 2016 with an increase of 215%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Nigeria (X units) represented the largest exporter of machines for deburring or polishing metal, mixing up 75% of total exports. Cote d'Ivoire (X units) held the second position in the ranking, distantly followed by Ghana (X units). All these countries together held approx. 23% share of total exports.

Nigeria was also the fastest-growing in terms of the machines for deburring or polishing metal exports, with a CAGR of +47.1% from 2012 to 2021. At the same time, Cote d'Ivoire (+28.4%) and Ghana (+16.7%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria and Cote d'Ivoire increased by +62 and +7.2 percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest metal deburring machine supplier in ECOWAS, comprising 61% of total exports. The second position in the ranking was held by Nigeria ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Cote d'Ivoire stood at +7.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+13.4% per year) and Ghana (+12.5% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, with a decrease of -51.3% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2016 an increase of 50%. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (-2.6%), while the other leaders experienced a decline in the export price figures.

Metal Deburring Machine Imports

Imports in ECOWAS

In 2021, supplies from abroad of machines for deburring or polishing metal decreased by -71.9% to X units for the first time since 2014, thus ending a six-year rising trend. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 262% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then contracted significantly in the following year.

In value terms, metal deburring machine imports fell remarkably to $X in 2021. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 147%. Over the period under review, imports reached the maximum at $X in 2020, and then fell notably in the following year.

Imports by Country

Nigeria (X units) and Ghana (X units) were the main importers of machines for deburring or polishing metal in 2021, finishing at near 39% and 35% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X units), generating a 14% share of total imports. The following importers - Guinea (X units) and Liberia (X units) - each amounted to a 7.5% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +37.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 81% of total imports.

Ghana, with a CAGR of +32.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per unit, surging by 18% against the previous year. Overall, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 an increase of 64%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guinea ($X per unit), while Liberia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform