Western Africa: Vapour Power Unit Market 2025

Vapour Power Unit Market Size in Western Africa

The West African vapour power unit market dropped to $X in 2021, waning by -5.9% against the previous year. Overall, consumption, however, recorded a significant increase. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Vapour Power Unit Production in Western Africa

In value terms, vapour power unit production fell to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.0% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Vapour Power Unit Exports

Exports in Western Africa

In 2021, exports of condensers for steam or other vapour power units in Western Africa declined remarkably to X kg, waning by -37.9% on the previous year. In general, exports showed a slight slump. The pace of growth appeared the most rapid in 2020 with an increase of 2,291%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, vapour power unit exports reduced dramatically to $X in 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 1,245%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria dominates exports structure, recording X kg, which was approx. 84% of total exports in 2021. Senegal (X kg) ranks second in terms of the total exports with an 8.8% share, followed by Togo (7.2%).

From 2012 to 2021, average annual rates of growth with regard to vapour power unit exports from Nigeria stood at -17.4%. At the same time, Togo (+34.9%) and Senegal (+12.0%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +34.9% from 2012-2021. From 2012 to 2021, the share of Nigeria, Togo and Senegal increased by +84, +6.8 and +6.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest vapour power unit supplier in Western Africa, comprising 66% of total exports. The second position in the ranking was taken by Senegal ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled -27.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+19.9% per year) and Togo (+36.5% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, declining by -12.3% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by 140%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+7.0%), while the other leaders experienced mixed trends in the export price figures.

Vapour Power Unit Imports

Imports in Western Africa

Vapour power unit imports dropped to X tons in 2021, waning by -2.3% compared with 2020. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2014 when imports increased by 455%. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped slightly in the following year.

In value terms, vapour power unit imports reduced notably to $X in 2021. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 242% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nigeria (X tons) represented the largest importer of condensers for steam or other vapour power units in Western Africa, mixing up 99% of total import.

Nigeria was also the fastest-growing in terms of the condensers for steam or other vapour power units imports, with a CAGR of +42.5% from 2012 to 2021. While the share of Nigeria (+29 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported condensers for steam or other vapour power units in Western Africa.

In Nigeria, vapour power unit imports expanded at an average annual rate of +37.9% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, waning by -30.3% against the previous year. Overall, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 317%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -3.2% per year.

Source: IndexBox Platform

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