ECOWAS: Beverage Manufacturing Press Market 2024

Beverage Manufacturing Press Market Size in ECOWAS

In 2022, the ECOWAS beverage manufacturing press market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption recorded a perceptible downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Beverage Manufacturing Press Production in ECOWAS

In value terms, beverage manufacturing press production shrank to $X in 2022 estimated in export price. In general, production saw a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Beverage Manufacturing Press Exports

Exports in ECOWAS

In 2022, beverage manufacturing press exports in ECOWAS surged to X tons, rising by X% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, beverage manufacturing press exports fell to $X in 2022. In general, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X tons) was the largest exporter of presses and crushers for beverages manufacturing, comprising X% of total exports. Benin (X tons) held the second position in the ranking, followed by Sierra Leone (X kg) and Ghana (X kg). All these countries together took approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest beverage manufacturing press supplying countries in ECOWAS were Sierra Leone ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced a decline in the export price figures.

Beverage Manufacturing Press Imports

Imports in ECOWAS

In 2022, overseas purchases of presses and crushers for beverages manufacturing decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, beverage manufacturing press imports surged to $X in 2022. Over the period under review, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the key importer of presses and crushers for beverages manufacturing, creating X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons), Sierra Leone (X tons) and Senegal (X tons), together achieving a X% share of total imports. Togo (X tons) and Guinea (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to beverage manufacturing press imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Sierra Leone (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%), Ghana (X%) and Senegal (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Sierra Leone (X p.p.), Guinea (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria and Senegal saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest beverage manufacturing press importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Sierra Leone ($X), with a combined X% share of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of 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, growing by X% against the previous year. Over the period under review, the import price enjoyed slight growth. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sierra Leone ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform