Western Africa: Dairy Machinery Market 2024

Dairy Machinery Market Size in Western Africa

In 2022, the West African dairy machinery market increased by 5.7% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption posted a resilient expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Dairy Machinery Production in Western Africa

In value terms, dairy machinery production amounted to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 65% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Dairy Machinery Exports

Exports in Western Africa

In 2022, shipments abroad of dairy machinery decreased by -7.7% to X units, falling for the second consecutive year after four years of growth. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 440%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, dairy machinery exports reduced modestly to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 473%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sierra Leone dominates exports structure, resulting at X units, which was approx. 92% of total exports in 2022. It was distantly followed by Mali (X units), generating an 8.3% share of total exports.

Sierra Leone was also the fastest-growing in terms of the dairy machinery exports, with a CAGR of +18.6% from 2012 to 2022. Mali (-22.0%) illustrated a downward trend over the same period. While the share of Sierra Leone (+85 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mali (-31.7 p.p.) displayed negative dynamics.

In value terms, Sierra Leone ($X) remains the largest dairy machinery supplier in Western Africa, comprising 100% of total exports. The second position in the ranking was held by Mali ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sierra Leone stood at +25.9%.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, with an increase of 3.8% against the previous year. Over the period under review, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by 116% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Sierra Leone ($X per unit), while Mali amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+13.4%).

Dairy Machinery Imports

Imports in Western Africa

In 2022, the amount of dairy machinery imported in Western Africa surged to X units, jumping by 57% on the year before. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 259%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, dairy machinery imports declined rapidly to $X in 2022. Over the period under review, imports posted a modest expansion. The growth pace was the most rapid in 2021 when imports increased by 204% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Nigeria was the main importer of dairy machinery in Western Africa, with the volume of imports finishing at X units, which was approx. 82% of total imports in 2022. It was distantly followed by Ghana (X units), constituting a 10% share of total imports. Senegal (X units) and Guinea (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to dairy machinery imports into Nigeria stood at +13.9%. At the same time, Guinea (+31.5%), Ghana (+16.9%) and Senegal (+9.8%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +31.5% from 2012-2022. Nigeria (+6.5 p.p.), Ghana (+3 p.p.) and Guinea (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported dairy machinery in Western Africa, comprising 58% of total imports. The second position in the ranking was taken by Ghana ($X), with a 16% share of total imports. It was followed by Senegal, with a 12% share.

In Nigeria, dairy machinery imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+7.8% per year) and Senegal (+13.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with a decrease of -46.6% against the previous year. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in 2018 when the import price increased by 40% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+21.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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