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Report Western Africa - Broaching Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Broaching Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Metal Broaching Machine Market 2024

Metal Broaching Machine Market Size in Western Africa

The West African metal broaching machine market declined markedly to $X in 2021, shrinking by -15.1% against the previous year. In general, consumption, however, recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Metal Broaching Machine Production in Western Africa

In value terms, metal broaching machine production stood at $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Metal Broaching Machine Exports

Exports in Western Africa

In 2019, the amount of broaching machines for working metal exported in Western Africa was estimated at X units, leveling off at the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The volume of export peaked in 2019 and is likely to continue growth in the near future.

In value terms, metal broaching machine exports stood at $X in 2019. Overall, exports showed a relatively flat trend pattern. The level of export peaked in 2019 and is expected to retain growth in years to come.

Metal Broaching Machine Imports

Imports in Western Africa

In 2021, the amount of broaching machines for working metal imported in Western Africa expanded modestly to X units, surging by 2.6% compared with 2020 figures. In general, imports enjoyed tangible growth. The pace of growth appeared the most rapid in 2019 with an increase of 1,561% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal broaching machine imports expanded slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 116% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Ghana represented the key importer of broaching machines for working metal in Western Africa, with the volume of imports accounting for X units, which was near 78% of total imports in 2021. It was distantly followed by Cote d'Ivoire (X units), comprising a 13% share of total imports. Cabo Verde (X units), Mauritania (X units), Guinea (X units) and Nigeria (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the broaching machines for working metal imports, with a CAGR of +43.4% from 2012 to 2021. At the same time, Guinea (+14.5%) and Cote d'Ivoire (+5.5%) displayed positive paces of growth. By contrast, Mauritania (-9.3%), Nigeria (-22.6%) and Cabo Verde (-25.8%) illustrated a downward trend over the same period. While the share of Ghana (+74 p.p.), Cote d'Ivoire (+3.1 p.p.) and Guinea (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mauritania (-5 p.p.), Nigeria (-17.2 p.p.) and Cabo Verde (-52 p.p.) displayed negative dynamics.

In value terms, Guinea ($X) constitutes the largest market for imported broaching machines for working metal in Western Africa, comprising 48% of total imports. The second position in the ranking was taken by Ghana ($X), with a 23% share of total imports. It was followed by Mauritania, with a 21% share.

From 2012 to 2021, the average annual growth rate of value in Guinea amounted to +64.6%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+17.3% per year) and Mauritania (-0.5% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, remaining relatively unchanged against the previous year. Overall, the import price showed a deep downturn. The growth pace was the most rapid in 2020 an increase of 1,690%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 Guinea ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+243.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Ghana remains the largest metal broaching machine consuming country in Western Africa, accounting for 48% of total volume. Moreover, metal broaching machine consumption in Ghana exceeded the figures recorded by the second-largest consumer, Senegal, threefold. The third position in this ranking was occupied by Nigeria, with a 13% share.
The import price in Western Africa stood at $1,355 per unit in 2021, remaining stable against the previous year.

This report provides an in-depth analysis of the metal broaching 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 28412410 - Broaching machines for working metal

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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