Western Africa: Crawler Dozer Market 2024

Crawler Dozer Market Size in Western Africa

The West African crawler dozer market surged to $X in 2022, growing by 58% against the previous year. Over the period under review, consumption showed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crawler Dozer Production in Western Africa

In value terms, crawler dozer production reduced notably to $X in 2022 estimated in export price. In general, production recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 with an increase of 3,111%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Crawler Dozer Exports

Exports in Western Africa

In 2022, crawler dozer exports in Western Africa fell notably to X units, shrinking by -28.8% on 2021 figures. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 42%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crawler dozer exports fell markedly to $X in 2022. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 165% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the ten major exporters of crawler dozers, namely Cote d'Ivoire, Ghana, Burkina Faso, Senegal, Benin, Mali, Nigeria, Guinea, Niger and Togo, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guinea (with a CAGR of +4.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest crawler dozer supplying countries in Western Africa were Cote d'Ivoire ($X), Burkina Faso ($X) and Ghana ($X), together accounting for 65% of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of +11.5%, recorded the highest growth rate of the value of exports, 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, declining by -20.4% against the previous year. In general, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by 97%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Ghana (+10.0%), while the other leaders experienced more modest paces of growth.

Crawler Dozer Imports

Imports in Western Africa

In 2022, crawler dozer imports in Western Africa skyrocketed to X units, increasing by 61% compared with the previous year. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crawler dozer imports soared to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 37%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Nigeria was the main importer of crawler dozers in Western Africa, with the volume of imports finishing at X units, which was near 36% of total imports in 2022. It was distantly followed by Burkina Faso (X units), Cote d'Ivoire (X units), Ghana (X units), Guinea (X units) and Senegal (X units), together generating a 50% share of total imports. Mali (X units) and Togo (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the crawler dozers imports, with a CAGR of +19.4% from 2012 to 2022. At the same time, Mali (+16.8%), Burkina Faso (+14.3%), Cote d'Ivoire (+14.0%), Guinea (+5.5%), Ghana (+5.2%), Senegal (+4.5%) and Togo (+2.1%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria, Burkina Faso, Cote d'Ivoire and Mali increased by +20, +4.2, +3.7 and +1.7 percentage points, respectively.

In value terms, the largest crawler dozer importing markets in Western Africa were Nigeria ($X), Burkina Faso ($X) and Cote d'Ivoire ($X), with a combined 57% share of total imports. Ghana, Guinea, Senegal, Mali and Togo lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Mali, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of imports, 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, shrinking by -17.2% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the import price increased by 51% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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