Western Africa: Injection-Moulding Machine Market 2025

Injection-Moulding Machine Market Size in Western Africa

In 2022, the West African injection-moulding machine market was finally on the rise to reach $X after two years of decline. In general, consumption recorded strong growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Injection-Moulding Machine Production in Western Africa

In value terms, injection-moulding machine production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 169%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Injection-Moulding Machine Exports

Exports in Western Africa

After two years of decline, overseas shipments of injection-moulding machines for working rubber or plastics increased by 6.2% to X units in 2022. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 69% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, injection-moulding machine exports rose slightly to $X in 2022. In general, exports showed moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 190%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X units), distantly followed by Ghana (X units), Senegal (X units), Cote d'Ivoire (X units) and Togo (X units) were the major exporters of injection-moulding machines for working rubber or plastics, together comprising 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X) remains the largest injection-moulding machine supplier in Western Africa, comprising 50% of total exports. The second position in the ranking was taken by Ghana ($X), with a 22% share of total exports. It was followed by Togo, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at +7.3%. In the other countries, the average annual rates were as follows: Ghana (+61.6% per year) and Togo (+2.3% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, reducing by -2.7% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 when the export price increased by 90%. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

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 ($X per unit), while Nigeria ($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 (+68.3%), while the other leaders experienced more modest paces of growth.

Injection-Moulding Machine Imports

Imports in Western Africa

In 2022, after two years of decline, there was significant growth in overseas purchases of injection-moulding machines for working rubber or plastics, when their volume increased by 63% to X units. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 101% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, injection-moulding machine imports declined to $X in 2022. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 115% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X units, which was approx. 81% of total imports in 2022. Ghana (X units) held the second position in the ranking, followed by Cote d'Ivoire (X units). All these countries together took approx. 15% share of total imports.

Nigeria was also the fastest-growing in terms of the injection-moulding machines for working rubber or plastics imports, with a CAGR of +16.2% from 2012 to 2022. At the same time, Ghana (+7.5%) and Cote d'Ivoire (+6.4%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria increased by +20 percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported injection-moulding machines for working rubber or plastics in Western Africa, comprising 82% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to +9.9%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+3.7% per year) and Ghana (-0.2% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, waning by -40.6% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 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 ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :