Western Africa: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Western Africa

In 2021, the West African endless machinery band market decreased by -13.6% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, showed a significant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Endless Machinery Band Production in Western Africa

In value terms, endless machinery band production fell to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Endless Machinery Band Exports

Exports in Western Africa

For the third consecutive year, Western Africa recorded growth in shipments abroad of endless bands for machinery, of stainless steel, which increased by 28% to X square meters in 2021. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 534% against the previous year. As a result, the exports reached the peak of X square meters. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, endless machinery band exports amounted to $X in 2021. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 711% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria was the main exporter of endless bands for machinery, of stainless steel in Western Africa, with the volume of exports reaching X square meters, which was approx. 83% of total exports in 2021. It was distantly followed by Togo (X square meters), generating a 17% share of total exports.

Exports from Nigeria increased at an average annual rate of +17.0% from 2012 to 2021. At the same time, Togo (+150.5%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +150.5% from 2012-2021. From 2012 to 2021, the share of Togo increased by +17 percentage points.

In value terms, Nigeria ($X) remains the largest endless machinery band supplier in Western Africa, comprising 92% of total exports. The second position in the ranking was taken by Togo ($X), with a 7.7% share of total exports.

In Nigeria, endless machinery band exports expanded at an average annual rate of +9.4% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2021, with a decrease of -18.3% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 225%. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+31.9%).

Endless Machinery Band Imports

Imports in Western Africa

In 2021, overseas purchases of endless bands for machinery, of stainless steel decreased by -10% to X square meters, falling for the second year in a row after two years of growth. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 936% against the previous year. Over the period under review, imports hit record highs at X square meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, endless machinery band imports contracted to $X in 2021. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 105% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, accounting for X square meters, which was approx. 85% of total imports in 2021. It was distantly followed by Mauritania (X square meters), constituting a 4.9% share of total imports. Senegal (X square meters) and Niger (X square meters) held a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the endless bands for machinery, of stainless steel imports, with a CAGR of +114.2% from 2012 to 2021. At the same time, Senegal (+24.5%) and Niger (+9.8%) displayed positive paces of growth. By contrast, Mauritania (-2.8%) illustrated a downward trend over the same period. Nigeria (+84 p.p.) significantly strengthened its position in terms of the total imports, while Niger and Mauritania saw its share reduced by -2.2% and -30.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported endless bands for machinery, of stainless steel in Western Africa, comprising 52% of total imports. The second position in the ranking was held by Mauritania ($X), with a 7.5% share of total imports. It was followed by Senegal, with a 6.1% share.

In Nigeria, endless machinery band imports increased at an average annual rate of +60.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (-3.0% per year) and Senegal (+9.3% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per square meter, reducing by -5.2% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the import price increased by 78% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per square meter), while Niger ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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