Western Africa: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Western Africa

The West African industrial automatic sewing machine market soared to $X in 2022, surging by 115% against the previous year. Overall, consumption saw a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Industrial Automatic Sewing Machines in Western Africa

In value terms, industrial automatic sewing machine production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 11%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Industrial Automatic Sewing Machines

Exports in Western Africa

Industrial automatic sewing machine exports shrank sharply to X units in 2022, waning by -25.6% against 2021. Over the period under review, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 125%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial automatic sewing machine exports shrank remarkably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 113% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell notably in the following year.

Exports by Country

Nigeria was the major exporter of industrial automatic sewing machines in Western Africa, with the volume of exports finishing at X units, which was approx. 53% of total exports in 2022. Ghana (X units) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (19%) and Cabo Verde (6.2%).

Nigeria was also the fastest-growing in terms of the industrial automatic sewing machines exports, with a CAGR of +13.0% from 2012 to 2022. At the same time, Ghana (+5.8%) displayed positive paces of growth. Cabo Verde experienced a relatively flat trend pattern. By contrast, Senegal (-11.8%) illustrated a downward trend over the same period. Nigeria (+43 p.p.), Ghana (+14 p.p.) and Cabo Verde (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -23.2% from 2012 to 2022, respectively.

In value terms, the largest industrial automatic sewing machine supplying countries in Western Africa were Nigeria ($X), Senegal ($X) and Ghana ($X), together accounting for 99% of total exports.

Nigeria, with a CAGR of +40.5%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by -6.5% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 176%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Nigeria (+24.3%), while the other leaders experienced more modest paces of growth.

Imports of Industrial Automatic Sewing Machines

Imports in Western Africa

In 2022, approx. X units of industrial automatic sewing machines were imported in Western Africa; jumping by 34% against the year before. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 51% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, industrial automatic sewing machine imports surged to $X in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the key importing country with an import of around X units, which finished at 71% of total imports. It was distantly followed by Ghana (X units) and Senegal (X units), together achieving a 20% share of total imports. Mali (X units), Mauritania (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the industrial automatic sewing machines imports, with a CAGR of +87.4% from 2012 to 2022. At the same time, Mali (+48.1%), Cote d'Ivoire (+40.8%), Mauritania (+33.7%), Senegal (+9.9%) and Ghana (+6.0%) displayed positive paces of growth. Nigeria (+70 p.p.) and Mali (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Ghana saw its share reduced by -21.6% and -38.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported industrial automatic sewing machines in Western Africa, comprising 93% of total imports. The second position in the ranking was held by Ghana ($X), with a 2.8% share of total imports. It was followed by Senegal, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +93.6%. In the other countries, the average annual rates were as follows: Ghana (+1.1% per year) and Senegal (+11.8% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, with an increase of 83% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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