ECOWAS: Market for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers 2024

Market Size for Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in ECOWAS

The ECOWAS vapour generating boiler parts market rose to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers in ECOWAS

In value terms, vapour generating boiler parts production expanded significantly to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Exports in ECOWAS

For the third consecutive year, ECOWAS recorded decline in shipments abroad of parts of vapour generating boilers and super-heater water boilers, which decreased by X% to X tons in 2022. In general, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, vapour generating boiler parts exports soared to $X in 2022. Over the period under review, exports, however, posted a tangible increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal was the key exporter of parts of vapour generating boilers and super-heater water boilers in ECOWAS, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X kg), constituting a X% share of total exports.

Senegal was also the fastest-growing in terms of the parts of vapour generating boilers and super-heater water boilers exports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire (X%) illustrated a downward trend over the same period. Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest vapour generating boiler parts supplying countries in ECOWAS were Senegal ($X) and Cote d'Ivoire ($X).

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a pronounced contraction. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Imports of Parts Of Vapour Generating Boilers And Super-Heater Water Boilers

Imports in ECOWAS

In 2022, purchases abroad of parts of vapour generating boilers and super-heater water boilers decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vapour generating boiler parts imports reduced to $X in 2022. Overall, imports, however, showed a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria represented the main importing country with an import of around X tons, which finished at X% of total imports. Senegal (X tons) ranks second in terms of the total imports with a X% share, followed by Niger (X%), Ghana (X%) and Cote d'Ivoire (X%). The following importers - Liberia (X tons) and Mali (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Niger ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Cote d'Ivoire, Ghana, Liberia and Mali lagged somewhat behind, together accounting for a further X%.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, the import price in ECOWAS amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, saw a prominent increase. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 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 Niger ($X per ton), while Liberia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform