Western Africa: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Western Africa

The West African industrial sewing machines (non-automatic) market soared to $X in 2022, with an increase of 124% against the previous year. Over the period under review, consumption recorded a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Industrial Sewing Machines (Non-Automatic) in Western Africa

In value terms, industrial sewing machines (non-automatic) production declined to $X in 2022 estimated in export price. Overall, production enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9,880% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports in Western Africa

In 2022, after two years of decline, there was significant growth in shipments abroad of industrial sewing machines (non-automatic), when their volume increased by 26% to X units. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 29,355% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, industrial sewing machines (non-automatic) exports soared to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 127% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria dominates exports structure, amounting to X units, which was near 76% of total exports in 2022. Ghana (X units) ranks second in terms of the total exports with a 5.2% share, followed by Cote d'Ivoire (5.2%). Senegal (X units), Togo (X units), Cabo Verde (X units) and Guinea (X units) followed a long way behind the leaders.

Nigeria experienced a relatively flat trend pattern with regard to volume of exports of industrial sewing machines (non-automatic). At the same time, Ghana (+1.8%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +1.8% from 2012-2022. Cote d'Ivoire, Guinea and Togo experienced a relatively flat trend pattern. By contrast, Senegal (-1.8%) and Cabo Verde (-8.8%) illustrated a downward trend over the same period. Togo (+4.3 p.p.) and Guinea (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Cabo Verde and Nigeria saw its share reduced by -2.5% and -3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest industrial sewing machines (non-automatic) supplier in Western Africa, comprising 74% of total exports. The second position in the ranking was taken by Ghana ($X), with an 8.7% share of total exports. It was followed by Cote d'Ivoire, with a 4.3% share.

In Nigeria, industrial sewing machines (non-automatic) exports shrank by an average annual rate of -6.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+26.5% per year) and Cote d'Ivoire (-0.5% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, increasing by 8.4% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 20,219%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+24.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports in Western Africa

In 2022, industrial sewing machines (non-automatic) imports in Western Africa surged to X units, increasing by 113% compared with 2021. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, industrial sewing machines (non-automatic) imports surged to $X in 2022. Overall, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 77%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units) was the largest importer of industrial sewing machines (non-automatic), mixing up 63% of total imports. Ghana (X units) took the second position in the ranking, distantly followed by Senegal (X units) and Togo (X units). All these countries together held near 31% share of total imports. Cote d'Ivoire (X units) took a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of +15.7% from 2012 to 2022. At the same time, Togo (+26.7%), Cote d'Ivoire (+21.0%), Ghana (+11.1%) and Senegal (+9.8%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +26.7% from 2012-2022. Nigeria (+4.8 p.p.) and Togo (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Ghana saw its share reduced by -4.6% and -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported industrial sewing machines (non-automatic) in Western Africa, comprising 68% of total imports. The second position in the ranking was held by Ghana ($X), with a 19% share of total imports. It was followed by Cote d'Ivoire, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+8.3% per year) and Cote d'Ivoire (+8.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, falling by -45.8% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2015 an increase of 19%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Togo ($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 (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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