ECOWAS: Motor Grader Market 2024

Motor Grader Market Size in ECOWAS

In 2022, the ECOWAS motor grader market decreased by -15.8% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, posted a moderate increase. Over the period under review, the market attained the maximum level at $X in 2021, and then declined sharply in the following year.

Motor Grader Production in ECOWAS

In value terms, motor grader production shrank to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 184% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Motor Grader Exports

Exports in ECOWAS

After two years of growth, shipments abroad of motor graders and levellers decreased by -16.7% to X units in 2022. Over the period under review, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2015 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, motor grader exports dropped slightly to $X in 2022. In general, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2016 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Niger (X units), Burkina Faso (X units) and Senegal (X units), together accounting for 61% of total export. Mali (X units) ranks next in terms of the total exports with an 11% share, followed by Cote d'Ivoire (7.4%), Benin (6.3%) and Ghana (6.3%).

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of +9.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest motor grader supplying countries in ECOWAS were Burkina Faso ($X), Niger ($X) and Senegal ($X), with a combined 75% share of total exports.

Among the main exporting countries, Burkina Faso, with a CAGR of +38.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, increasing by 17% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 18% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+26.8%), while the other leaders experienced more modest paces of growth.

Motor Grader Imports

Imports in ECOWAS

In 2022, purchases abroad of motor graders and levellers decreased by -12.6% to X units for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, motor grader imports reduced dramatically to $X in 2022. In general, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2014 with an increase of 63% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of motor graders and levellers, namely Ghana, Nigeria and Cote d'Ivoire, represented more than half of total import. Burkina Faso (X units) held the next position in the ranking, followed by Guinea (X units), Senegal (X units) and Mali (X units). All these countries together held near 29% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +12.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motor grader importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for 56% of total imports. Burkina Faso, Senegal, Guinea and Mali lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Mali, with a CAGR of +17.5%, saw 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

In 2022, the import price in ECOWAS amounted to $X per unit, declining by -4.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 23% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Senegal ($X per unit), while Guinea ($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 (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform