Report Update Nov 1, 2024

ECOWAS - Machines for Mixing Mineral Substances With Bitumen - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

ECOWAS: Bitumen Mixer Market 2024

Bitumen Mixer Market Size in ECOWAS

The ECOWAS bitumen mixer market amounted to $X in 2021, standing approx. at the previous year. Overall, consumption continues to indicate a pronounced expansion. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Bitumen Mixer Production in ECOWAS

In value terms, bitumen mixer production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2015 when the production volume increased by 68% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Bitumen Mixer Exports

Exports in ECOWAS

In 2020, approx. X units of machines for mixing mineral substances with bitumen were exported in ECOWAS; dropping by -89.1% compared with the previous year's figure. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2019 with an increase of 411% against the previous year. As a result, the exports attained the peak of X units, and then declined notably in the following year.

In value terms, bitumen mixer exports surged to $X in 2020. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 366%. Over the period under review, the exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2020, rising by 1,208% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 1,208%. As a result, the export price reached the peak level of $X per unit, leveling off in the following year.

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

From 2014 to 2020, the rate of growth in terms of prices for Senegal amounted to 0.0% per year.

Bitumen Mixer Imports

Imports in ECOWAS

In 2021, purchases abroad of machines for mixing mineral substances with bitumen increased by 33% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bitumen mixer imports expanded sharply to $X in 2021. Over the period under review, imports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 54%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Ghana was the main importer of machines for mixing mineral substances with bitumen in ECOWAS, with the volume of imports reaching X units, which was near 35% of total imports in 2021. Mali (X units) took the second position in the ranking, followed by Senegal (X units), Sierra Leone (X units), Cote d'Ivoire (X units) and Benin (X units). All these countries together took approx. 53% share of total imports. Guinea (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bitumen mixer imports into Ghana stood at +16.1%. At the same time, Sierra Leone (+37.9%), Guinea (+22.0%), Benin (+18.1%), Mali (+14.5%) and Senegal (+9.7%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +37.9% from 2012-2021. By contrast, Cote d'Ivoire (-18.2%) illustrated a downward trend over the same period. Ghana (+26 p.p.), Mali (+12 p.p.), Senegal (+8.6 p.p.), Sierra Leone (+8.1 p.p.), Benin (+4.5 p.p.) and Guinea (+3 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by -34% from 2012 to 2021, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported machines for mixing mineral substances with bitumen in ECOWAS, comprising 30% of total imports. The second position in the ranking was held by Senegal ($X), with a 15% share of total imports. It was followed by Cote d'Ivoire, with a 10% share.

In Ghana, bitumen mixer imports increased at an average annual rate of +13.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+26.8% per year) and Cote d'Ivoire (+6.1% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per unit, shrinking by -19.4% against the previous year. Overall, the import price, however, saw a perceptible increase. The pace of growth was the most pronounced in 2013 when the import price increased by 49% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 Cote d'Ivoire ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+29.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the bitumen mixer 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 28924070 - Machines for mixing mineral substances with bitumen

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