Western Africa: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Western Africa

The West African agricultural harvester market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Agricultural Harvester Production in Western Africa

In value terms, agricultural harvester production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Agricultural Harvester Exports

Exports in Western Africa

In 2022, approx. X units of agricultural harvesters were exported in Western Africa; which is down by X% on the previous year. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural harvester exports dropped to $X in 2022. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X units) and Ghana (X units) represented roughly X% of total exports in 2022. Mali (X units) ranks next in terms of the total exports with a X% share, followed by Togo (X%) and Benin (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest agricultural harvester supplying countries in Western Africa were Senegal ($X), Togo ($X) and Ghana ($X), with a combined X% share of total exports.

Among the main exporting countries, Togo, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Togo ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Agricultural Harvester Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of agricultural harvesters, when their volume decreased by X% to X units. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, agricultural harvester imports shrank significantly to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

Ghana (X units) and Nigeria (X units) represented roughly X% of total imports in 2022. Benin (X units) took the next position in the ranking, followed by Cote d'Ivoire (X units), Senegal (X units) and Burkina Faso (X units). All these countries together held approx. X% share of total imports. Mauritania (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported agricultural harvesters in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Nigeria, agricultural harvester imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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