Western Africa: Bulldozer Market 2024

Bulldozer Market Size in Western Africa

The West African bulldozer market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption recorded a strong expansion. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Bulldozer Production in Western Africa

In value terms, bulldozer production contracted significantly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 551,502% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Bulldozer Exports

Exports in Western Africa

For the third consecutive year, Western Africa recorded decline in shipments abroad of bulldozers and angle dozers, which decreased by -2.3% to X units in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 51,229%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, bulldozer exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 107%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units), Cote d'Ivoire (X units), Niger (X units), Mali (X units), Benin (X units), Ghana (X units), Senegal (X units), Gambia (X units), Nigeria (X units) and Togo (X units) represented roughly 97% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of +3.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Burkina Faso ($X), Cote d'Ivoire ($X) and Niger ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 54% of total exports. Mali, Ghana, Benin, Togo, Senegal, Gambia and Nigeria lagged somewhat behind, together accounting for a further 44%.

Benin, with a CAGR of -2.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by -20.4% against the previous year. Overall, the export price recorded a perceptible reduction. The growth pace was the most rapid in 2017 when the export price increased by 30,743%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Burkina Faso ($X per unit), while Gambia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+2.2%), while the other leaders experienced a decline in the export price figures.

Bulldozer Imports

Imports in Western Africa

After two years of decline, supplies from abroad of bulldozers and angle dozers increased by 47% to X units in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bulldozer imports skyrocketed to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the largest importer of bulldozers and angle dozers in Western Africa, with the volume of imports reaching X units, which was approx. 36% of total imports in 2022. Burkina Faso (X units) held the second position in the ranking, followed by Ghana (X units), Cote d'Ivoire (X units), Guinea (X units) and Senegal (X units). All these countries together took near 49% share of total imports. Mali (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +5.7% from 2012 to 2022. At the same time, Burkina Faso (+14.6%), Cote d'Ivoire (+10.9%), Mali (+5.3%), Guinea (+3.6%), Senegal (+3.6%) and Ghana (+1.7%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +14.6% from 2012-2022. While the share of Burkina Faso (+7.9 p.p.), Cote d'Ivoire (+4.7 p.p.) and Nigeria (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Burkina Faso ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, together accounting for 59% of total imports.

Burkina Faso, with a CAGR of +13.5%, saw the highest growth rate of the value of imports, among 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

The import price in Western Africa stood at $X per unit in 2022, declining by -10.6% against the previous year. Overall, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 an increase of 46%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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