ECOWAS: Metal Sawing Machine Market 2025

Metal Sawing Machine Market Size in ECOWAS

In 2021, the ECOWAS metal sawing machine market decreased by -8.5% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, showed a prominent expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Sawing Machine Production in ECOWAS

In value terms, metal sawing machine production contracted to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.6% against 2019 indices. The growth pace was the most rapid in 2015 when the production volume increased by 53% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Metal Sawing Machine Exports

Exports in ECOWAS

In 2021, overseas shipments of sawing or cutting-off machines for working metal decreased by -61.9% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2019 when exports increased by 189% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal sawing machine exports dropped rapidly to $X in 2021. Overall, exports saw a noticeable decrease. The growth pace was the most rapid in 2018 when exports increased by 401% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Burkina Faso (X units) and Nigeria (X units) represented roughly 82% of total exports in 2021. It was distantly followed by Togo (X units), achieving an 8% share of total exports. Ghana (X units), Cabo Verde (X units) and Senegal (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Burkina Faso (with a CAGR of +50.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal sawing machine supplying countries in ECOWAS were Cote d'Ivoire ($X), Burkina Faso ($X) and Nigeria ($X), together accounting for 94% of total exports.

In terms of the main exporting countries, Burkina Faso, with a CAGR of +52.8%, saw 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

In 2021, the export price in ECOWAS amounted to $X per unit, surging by 85% against the previous year. Overall, the export price continues to indicate a noticeable increase. The pace of growth was the most pronounced in 2018 an increase of 103%. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Burkina Faso ($X per unit), while Senegal ($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 (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Metal Sawing Machine Imports

Imports in ECOWAS

In 2021, supplies from abroad of sawing or cutting-off machines for working metal decreased by -33% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 428% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal sawing machine imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X units) and Cote d'Ivoire (X units) were the main importers of sawing or cutting-off machines for working metal in ECOWAS, together amounting to approx. 71% of total imports. Senegal (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (8.1%). The following importers - Burkina Faso (X units) and Guinea (X units) - each accounted for a 3.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +42.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal sawing machine importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined 67% share of total imports. Senegal, Burkina Faso and Guinea lagged somewhat behind, together accounting for a further 21%.

In terms of the main importing countries, Senegal, with a CAGR of +51.0%, saw the highest growth rate of 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 2021, the import price in ECOWAS amounted to $X per unit, surging by 88% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: 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 Senegal (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform