Western Africa: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Western Africa

In 2022, the West African continuous-action elevators and conveyors market increased by X% to $X, rising for the sixth year in a row after two years of decline. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Production of Continuous-Action Elevators And Conveyors in Western Africa

In value terms, continuous-action elevators and conveyors production rose notably to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in Western Africa

After three years of growth, overseas shipments of continuous-action elevators and conveyors decreased by X% to X units in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then dropped notably in the following year.

In value terms, continuous-action elevators and conveyors exports shrank remarkably to $X in 2022. Over the period under review, exports, however, saw notable growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%). The following exporters - Senegal (X units), Nigeria (X units) and Sierra Leone (X units) - together made up X% of total exports.

Ghana was also the fastest-growing in terms of the continuous-action elevators and conveyors exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Senegal (X%), Sierra Leone (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Cote d'Ivoire (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.), Sierra Leone (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, the largest continuous-action elevators and conveyors supplying countries in Western Africa were Senegal ($X), Ghana ($X) and Togo ($X), together comprising X% of total exports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, showed a pronounced curtailment. The level of export peaked at $X per unit in 2018; however, from 2019 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 Senegal ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Imports of Continuous-Action Elevators And Conveyors

Imports in Western Africa

In 2022, imports of continuous-action elevators and conveyors in Western Africa dropped rapidly to X units, with a decrease of X% against the previous year. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then dropped remarkably in the following year.

In value terms, continuous-action elevators and conveyors imports fell to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana was the major importing country with an import of about X units, which finished at X% of total imports. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Niger (X%), Guinea (X%), Togo (X%), Nigeria (X%) and Senegal (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Niger (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest continuous-action elevators and conveyors importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), together accounting for X% of total imports. Cote d'Ivoire, Guinea, Niger and Togo lagged somewhat behind, together comprising a further X%.

Niger, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Western Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Togo ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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