Western Africa: Rock Cutter Market 2025

Rock Cutter Market Size in Western Africa

In 2022, the West African rock cutter market decreased by -52.6% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, enjoyed strong growth. The level of consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Rock Cutter Production in Western Africa

In value terms, rock cutter production rose notably to $X in 2022 estimated in export price. Overall, production showed a slight expansion. The growth pace was the most rapid in 2017 with an increase of 253% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Rock Cutter Exports

Exports in Western Africa

After two years of growth, shipments abroad of coal or rock cutters and tunnelling machinery decreased by -34% to X units in 2022. Overall, exports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 762%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, rock cutter exports reduced to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 584%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Mali (X units) represented the major exporter of coal or rock cutters and tunnelling machinery, making up 39% of total exports. It was distantly followed by Senegal (X units), Benin (X units), Nigeria (X units), Togo (X units) and Burkina Faso (X units), together mixing up a 58% share of total exports. Ghana (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest rock cutter supplying countries in Western Africa were Mali ($X), Togo ($X) and Nigeria ($X), together comprising 68% of total exports.

Togo, with a CAGR of +100.8%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, increasing by 35% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2015 when the export price increased by 71% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 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 Togo ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+77.7%), while the other leaders experienced more modest paces of growth.

Rock Cutter Imports

Imports in Western Africa

After three years of growth, supplies from abroad of coal or rock cutters and tunnelling machinery decreased by -47.2% to X units in 2022. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 233% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then dropped rapidly in the following year.

In value terms, rock cutter imports contracted sharply to $X in 2022. In general, imports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2017 with an increase of 206%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, accounting for X units, which was approx. 87% of total imports in 2022. It was distantly followed by Niger (X units), committing a 6% share of total imports. Ghana (X units) took a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the coal or rock cutters and tunnelling machinery imports, with a CAGR of +52.6% from 2012 to 2022. At the same time, Niger (+3.8%) displayed positive paces of growth. By contrast, Ghana (-2.6%) illustrated a downward trend over the same period. Nigeria (+78 p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Niger saw its share reduced by -14.7% and -21% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported coal or rock cutters and tunnelling machinery in Western Africa, comprising 54% of total imports. The second position in the ranking was taken by Niger ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +30.7%. The remaining importing countries recorded the following average annual rates of imports growth: Niger (-8.2% per year) and Ghana (+6.0% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with a decrease of -30.5% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the import price increased by 47%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+8.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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