Western Africa: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2025

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Western Africa

In 2022, the West African market for machine-tools for working stone, ceramics, and concrete decreased by -33.6% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, showed a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Western Africa

In value terms, machine tools for working stone production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 72% 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.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in Western Africa

Machine tools for working stone exports dropped markedly to X units in 2022, which is down by -28.6% compared with the previous year. Over the period under review, exports, however, saw buoyant growth. The growth pace was the most rapid in 2013 when exports increased by 346% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports declined to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 665%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Cabo Verde represented the main exporting country with an export of around X units, which reached 49% of total exports. Togo (X units) ranks second in terms of the total exports with a 17% share, followed by Senegal (16%) and Nigeria (8.9%). The following exporters - Burkina Faso (X units), Niger (X units) and Ghana (X units) - together made up 6.7% of total exports.

From 2012 to 2022, average annual rates of growth with regard to machine tools for working stone exports from Cabo Verde stood at +6.2%. At the same time, Togo (+47.3%), Senegal (+27.3%), Niger (+23.1%) and Ghana (+10.8%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +47.3% from 2012-2022. By contrast, Burkina Faso (-3.2%) and Nigeria (-7.7%) illustrated a downward trend over the same period. Togo (+17 p.p.) and Senegal (+13 p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Nigeria saw its share reduced by -4.7% and -27.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X) remains the largest machine tools for working stone supplier in Western Africa, comprising 77% of total exports. The second position in the ranking was held by Togo ($X), with a 9.9% share of total exports. It was followed by Senegal, with a 6.5% share.

In Cabo Verde, machine tools for working stone exports increased at an average annual rate of +21.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (+58.9% per year) and Senegal (+40.9% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, with an increase of 23% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 188%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while Niger ($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 (+15.4%), while the other leaders experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in Western Africa

In 2022, overseas purchases of machine-tools for working stone, ceramics, and concrete decreased by -33.8% to X units, falling for the third consecutive year after two years of growth. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 2,338%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, machine tools for working stone imports contracted sharply to $X in 2022. Overall, imports, however, saw perceptible growth. The growth pace was the most rapid in 2014 with an increase of 5,620%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the one major importers of machine-tools for working stone, ceramics, and concrete, namely Nigeria, represented more than two-thirds of total import.

Nigeria was also the fastest-growing in terms of the machine-tools for working stone, ceramics, and concrete imports, with a CAGR of +12.3% from 2012 to 2022. From 2012 to 2022, the share of Nigeria increased by +3.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported machine-tools for working stone, ceramics, and concrete in Western Africa.

In Nigeria, machine tools for working stone imports expanded at an average annual rate of +2.5% over the period from 2012-2022.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, declining by -16.6% against the previous year. In general, the import price showed a abrupt setback. The growth pace was the most rapid in 2014 when the import price increased by 135% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -8.7% per year.

Source: IndexBox Platform

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