Western Africa: Stone Polishing Machine Market 2025

Stone Polishing Machine Market Size in Western Africa

In 2022, the West African stone polishing machine market decreased by -41.8% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, posted buoyant growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Production in Western Africa

In value terms, stone polishing machine production declined to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the production volume increased by 167% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports in Western Africa

In 2022, stone polishing machine exports in Western Africa reduced rapidly to X units, with a decrease of -36.4% compared with the year before. Overall, exports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2013 with an increase of 413% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, stone polishing machine exports soared to $X in 2022. In general, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of 449%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana represented the key exporter of grinding or polishing machines for working stone, ceramics and concrete in Western Africa, with the volume of exports reaching X units, which was near 57% of total exports in 2022. Cabo Verde (X units) ranks second in terms of the total exports with a 29% share, followed by Senegal (14%).

From 2012 to 2022, the biggest increases were recorded for Cabo Verde (with a CAGR of +7.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X) remains the largest stone polishing machine supplier in Western Africa, comprising 48% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 3.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to +19.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Cabo Verde (-14.4% per year) and Ghana (+0.0% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, surging by 114% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2020 when the export price increased by 128%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per unit), while Ghana ($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 (+33.4%), while the other leaders experienced mixed trends in the export price figures.

Stone Polishing Machine Imports

Imports in Western Africa

In 2022, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete decreased by -41.6% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 784%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, stone polishing machine imports reduced dramatically to $X in 2022. In general, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 2,199% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, resulting at X units, which was approx. 73% of total imports in 2022. It was distantly followed by Guinea-Bissau (X units), creating a 7.1% share of total imports. The following importers - Ghana (X units), Benin (X units), Senegal (X units), Sierra Leone (X units) and Cote d'Ivoire (X units) - together made up 13% of total imports.

Nigeria was also the fastest-growing in terms of the grinding or polishing machines for working stone, ceramics and concrete imports, with a CAGR of +33.6% from 2012 to 2022. At the same time, Benin (+28.4%), Sierra Leone (+27.5%), Guinea-Bissau (+24.7%) and Senegal (+8.6%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Ghana (-7.2%) illustrated a downward trend over the same period. While the share of Nigeria (+61 p.p.), Guinea-Bissau (+4.7 p.p.) and Benin (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (-3.1 p.p.) and Ghana (-23 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported grinding or polishing machines for working stone, ceramics and concrete in Western Africa, comprising 83% of total imports. The second position in the ranking was taken by Ghana ($X), with an 8.3% share of total imports. It was followed by Senegal, with a 4.5% share.

In Nigeria, stone polishing machine imports increased at an average annual rate of +38.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+3.4% per year) and Senegal (+29.5% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, rising by 7.8% against the previous year. Overall, the import price continues to indicate temperate growth. The growth pace was the most rapid in 2018 when the import price increased by 160% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 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 Senegal ($X per unit), while Guinea-Bissau ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+65.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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