Western Africa: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Western Africa

The West African gravimetric filling machine market surged to $X in 2022, jumping by 25% against the previous year. In general, consumption saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Gravimetric Filling Machine Production in Western Africa

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 412%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Gravimetric Filling Machine Exports

Exports in Western Africa

In 2022, approx. X units of automatic gravimetric filling machines were exported in Western Africa; waning by -32.6% on the previous year. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 21,741% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, gravimetric filling machine exports contracted to $X in 2022. In general, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by 59%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Gambia was the main exporting country with an export of around X units, which recorded 69% of total exports. Senegal (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Benin (6.9%), Ghana (6.9%) and Togo (6.9%).

Gambia was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +17.5% from 2012 to 2022. Senegal (-6.7%), Togo (-12.9%), Ghana (-21.3%) and Benin (-24.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Gambia and Senegal increased by +63 and +1.9 percentage points, respectively.

In value terms, Gambia ($X) remains the largest gravimetric filling machine supplier in Western Africa, comprising 65% of total exports. The second position in the ranking was held by Togo ($X), with a 22% share of total exports. It was followed by Benin, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Gambia stood at +12.9%. In the other countries, the average annual rates were as follows: Togo (+2.0% per year) and Benin (+10.2% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, jumping by 30% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when the export price increased by 49,747% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+44.9%), while the other leaders experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports in Western Africa

In 2022, approx. X units of automatic gravimetric filling machines were imported in Western Africa; with an increase of 22% against the previous year's figure. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 114%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, gravimetric filling machine imports dropped dramatically to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 214%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X units) and Senegal (X units) represented roughly 68% of total imports in 2022. Cote d'Ivoire (X units) ranks next in terms of the total imports with an 8.8% share, followed by Ghana (8.6%) and Gambia (5.9%). Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported automatic gravimetric filling machines in Western Africa, comprising 59% of total imports. The second position in the ranking was held by Ghana ($X), with a 15% share of total imports. It was followed by Senegal, with a 9.1% share.

In Nigeria, gravimetric filling machine imports increased at an average annual rate of +26.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+11.9% per year) and Senegal (+14.9% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, dropping by -54.7% against the previous year. Overall, the import price showed a deep setback. The pace of growth appeared the most rapid in 2015 when the import price increased by 95% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Ghana ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (-1.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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