Western Africa: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Western Africa

In 2021, the West African off-highway dumper market increased by 20% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a perceptible expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Off-Highway Dumper Production in Western Africa

In value terms, off-highway dumper production reduced to $X in 2021 estimated in export price. In general, production recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 50% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Off-Highway Dumper Exports

Exports in Western Africa

Off-highway dumper exports surged to X units in 2021, with an increase of 71% against the year before. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 95%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, off-highway dumper exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 133%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Burkina Faso (X units) represented the major exporter of dumpers for off-highway use, comprising 43% of total exports. Senegal (X units) ranks second in terms of the total exports with a 21% share, followed by Cote d'Ivoire (19%) and Mali (11%). Ghana (X units) and Guinea (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to off-highway dumper exports from Burkina Faso stood at +36.1%. At the same time, Mali (+52.5%), Cote d'Ivoire (+41.7%), Guinea (+16.8%), Ghana (+16.7%) and Senegal (+6.3%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +52.5% from 2012-2021. Burkina Faso (+33 p.p.), Cote d'Ivoire (+16 p.p.) and Mali (+9.8 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -23.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) emerged as the largest off-highway dumper supplier in Western Africa, comprising 48% of total exports. The second position in the ranking was held by Senegal ($X), with a 20% share of total exports. It was followed by Cote d'Ivoire, with a 16% share.

In Burkina Faso, off-highway dumper exports increased at an average annual rate of +41.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+11.6% per year) and Cote d'Ivoire (+47.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, with an increase of 23% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper export price increased by +130.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 40%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mali ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+10.5%), while the other leaders experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports in Western Africa

In 2021, the amount of dumpers for off-highway use imported in Western Africa surged to X units, increasing by 43% on 2020 figures. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2012; afterwards, it flattened through to 2021.

In value terms, off-highway dumper imports surged to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Nigeria (X units) and Ghana (X units) were the key importers of dumpers for off-highway use in Western Africa, together recording near 53% of total imports. Mali (X units) ranks next in terms of the total imports with a 12% share, followed by Senegal (7.6%), Mauritania (5.7%), Guinea (5.3%) and Cote d'Ivoire (4.9%).

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +55.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Mali ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2021, together comprising 62% of total imports.

Mali, with a CAGR of +62.9%, saw the highest rates of growth with regard to 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 2021, the import price in Western Africa amounted to $X per unit, reducing by -12.6% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, off-highway dumper import price decreased by -24.3% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per unit), while Nigeria ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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