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Report Western Africa - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Western Africa

The West African wood bending machine market skyrocketed to $X in 2021, rising by 62% against the previous year. Overall, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Wood Bending Machine Production in Western Africa

In value terms, wood bending machine production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 119% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Wood Bending Machine Exports

Exports in Western Africa

For the third year in a row, Western Africa recorded decline in overseas shipments of bending or assembling machines, which decreased by 0% to X units in 2020. Over the period under review, exports showed a abrupt contraction. The smallest decline of -95% was in 2018. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

In value terms, wood bending machine exports soared to $X in 2020. In general, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2020, surging by 14,133% against the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2017 when the export price increased by 14,133% against the previous year. As a result, the export price attained the peak level of $X per unit; afterwards, it flattened through to 2020.

As there is only one major export destination, the average price level is determined by prices for Sierra Leone.

From 2014 to 2020, the rate of growth in terms of prices for Sierra Leone amounted to +1,245.7% per year.

Wood Bending Machine Imports

Imports in Western Africa

Wood bending machine imports surged to X units in 2021, rising by 162% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 172% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, wood bending machine imports surged to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 when imports increased by 580% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Senegal (X units) and Nigeria (X units) represented the main importers of bending or assembling machines in 2021, accounting for near 34% and 31% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X units), Ghana (X units) and Mali (X units), together generating a 27% share of total imports. The following importers - Guinea (X units) and Mauritania (X units) - each reached a 6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Nigeria (with a CAGR of +33.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported bending or assembling machines in Western Africa, comprising 89% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 3.7% share of total imports. It was followed by Senegal, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +49.4%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-8.9% per year) and Senegal (+17.2% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, shrinking by -41.3% against the previous year. In general, the import price, however, recorded a resilient increase. The growth pace was the most rapid in 2020 when the import price increased by 413%. As a result, import price attained the peak level of $X per unit, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Senegal ($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 (+10.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria constituted the country with the largest volume of wood bending machine consumption, comprising approx. 64% of total volume. Moreover, wood bending machine consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Senegal, sixfold. Ghana ranked third in terms of total consumption with a 7.1% share.
Togo remains the largest wood bending machine producing country in Western Africa, accounting for 45% of total volume. Moreover, wood bending machine production in Togo exceeded the figures recorded by the second-largest producer, Burkina Faso, twofold. Cote d'Ivoire ranked third in terms of total production with a 15% share.
In value terms, Nigeria constitutes the largest market for imported bending or assembling machines in Western Africa, comprising 94% of total imports. The second position in the ranking was occupied by Cote d'Ivoire, with a 2.1% share of total imports. It was followed by Senegal, with a 1.8% share.
The wood bending machine export price in Western Africa stood at $48,932 per unit in 2020, increasing by 10,094% against the previous year.
The wood bending machine import price in Western Africa stood at $15,037 per unit in 2021, with an increase of 57% against the previous year.

This report provides an in-depth analysis of the wood bending machine market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28491265 - Bending or assembling machines for working wood, cork, b one, hard rubber, hard plastics or similar hard materials

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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