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Report Western Africa - Machinery for the Extraction or Preparation of Animal or Fixed Vegetable Fats or Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Machinery for the Extraction or Preparation of Animal or Fixed Vegetable Fats or Oils - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Fats Preparation Machinery Market 2024

Fats Preparation Machinery Market Size in Western Africa

The West African fats preparation machinery market soared to $X in 2022, growing by 35% against the previous year. Overall, consumption, however, continues to indicate a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Fats Preparation Machinery Production in Western Africa

In value terms, fats preparation machinery production rose modestly to $X in 2022 estimated in export price. Overall, production saw pronounced growth. The growth pace was the most rapid in 2016 when the production volume increased by 469%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Fats Preparation Machinery Exports

Exports in Western Africa

Fats preparation machinery exports soared to X units in 2022, rising by 150% on 2021 figures. Overall, exports, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 567%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fats preparation machinery exports dropped remarkably to $X in 2022. Over the period under review, exports, however, recorded a precipitous slump. The pace of growth appeared the most rapid in 2017 when exports increased by 14,948%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana represented the largest exporter of machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Western Africa, with the volume of exports resulting at X units, which was approx. 60% of total exports in 2022. It was distantly followed by Mauritania (X units), comprising a 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +11.6%).

In value terms, Mauritania ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022.

Ghana, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, dropping by -81.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when the export price increased by 11,938%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Mauritania ($X per unit), while Ghana stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+4.5%).

Fats Preparation Machinery Imports

Imports in Western Africa

Fats preparation machinery imports soared to X units in 2022, jumping by 294% compared with 2021. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 328%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, fats preparation machinery imports soared to $X in 2022. In general, imports showed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of fats preparation machinery imports in 2022 were Nigeria (X units), Togo (X units) and Benin (X units), together recording 83% of total import. It was distantly followed by Cote d'Ivoire (X units), generating a 7.9% share of total imports. Ghana (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +70.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported machinery for the extraction or preparation of animal or fixed vegetable fats or oils in Western Africa, comprising 79% of total imports. The second position in the ranking was taken by Ghana ($X), with a 6.9% share of total imports. It was followed by Togo, with a 5.6% share.

In Nigeria, fats preparation machinery imports expanded at an average annual rate of +20.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+29.3% per year) and Togo (+73.1% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, declining by -22.8% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 160%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Nigeria ($X per unit), while Benin ($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 (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Nigeria, Cote d'Ivoire and Benin, together comprising 78% of total consumption.
Nigeria remains the largest fats preparation machinery producing country in Western Africa, comprising approx. 51% of total volume. Moreover, fats preparation machinery production in Nigeria exceeded the figures recorded by the second-largest producer, Benin, twofold. The third position in this ranking was occupied by Togo, with a 17% share.
In value terms, Ghana remains the largest fats preparation machinery supplier in Western Africa, comprising 90% of total exports. The second position in the ranking was occupied by Liberia $12), with a 0.2% share of total exports.
In value terms, the largest fats preparation machinery importing markets in Western Africa were Nigeria, Cote d'Ivoire and Togo, together comprising 87% of total imports.
In 2021, the export price in Western Africa amounted to $27 per unit, which is down by -79% against the previous year.
In 2021, the import price in Western Africa amounted to $371 per unit, reducing by -17.7% against the previous year.

This report provides an in-depth analysis of the fats preparation machinery market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28931780 - Machinery for the extraction or preparation of animal or fixed vegetable fats or oils

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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Free Data: Machinery For The Extraction Or Preparation Of Animal Or Fixed Vegetable Fats Or Oils - Western Africa
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