ECOWAS: Non-Hydraulic Press Market 2025

Non-Hydraulic Press Market Size in ECOWAS

In 2021, after four years of growth, there was significant decline in the ECOWAS non-hydraulic press market, when its value decreased by -5.2% to $X. In general, consumption recorded a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Hydraulic Press Production in ECOWAS

In value terms, non-hydraulic press production shrank to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Non-Hydraulic Press Exports

Exports in ECOWAS

In 2021, overseas shipments of non-hydraulic presses for working metal increased by 7.7% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 7,033% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-hydraulic press exports fell significantly to $X in 2021. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 134%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal was the key exporter of non-hydraulic presses for working metal in ECOWAS, with the volume of exports recording X units, which was near 64% of total exports in 2021. Nigeria (X units) held the second position in the ranking, distantly followed by Gambia (X units) and Ghana (X units). All these countries together took near 36% share of total exports.

Exports from Senegal decreased at an average annual rate of -14.5% from 2012 to 2021. Ghana and Gambia experienced a relatively flat trend pattern. Nigeria (-16.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana and Gambia increased by +7.1 and +7.1 percentage points, respectively.

In value terms, the largest non-hydraulic press supplying countries in ECOWAS were Ghana ($X), Gambia ($X) and Senegal ($X), with a combined 56% share of total exports.

Ghana, with a CAGR of +62.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, falling by -41.7% against the previous year. Overall, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 5,903%. The level of export peaked at $X per unit in 2020, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Nigeria ($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 (+34.7%), while the other leaders experienced a decline in the export price figures.

Non-Hydraulic Press Imports

Imports in ECOWAS

In 2021, the amount of non-hydraulic presses for working metal imported in ECOWAS shrank markedly to X units, waning by -16.3% compared with the year before. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 167% against the previous year. As a result, imports reached the peak of X units, and then fell rapidly in the following year.

In value terms, non-hydraulic press imports shrank significantly to $X in 2021. Over the period under review, imports saw a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 658% against the previous year. As a result, imports attained the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Cote d'Ivoire (X units) and Togo (X units) prevails in imports structure, together comprising 74% of total imports. It was distantly followed by Burkina Faso (X units) and Nigeria (X units), together comprising a 12% share of total imports. The following importers - Liberia (X units), Senegal (X units) and Mali (X units) - together made up 8.1% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-hydraulic press importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Burkina Faso ($X), together comprising 89% of total imports.

Among the main importing countries, Cote d'Ivoire, with a CAGR of +19.5%, 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 2021, declining by -73.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 184%. As a result, import price attained the peak level of $X per unit, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform