Western Africa: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Western Africa

In 2022, the West African tobacco making machinery market increased by 19% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption recorded a prominent expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Tobacco Making Machinery Production in Western Africa

In value terms, tobacco making machinery production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 37% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports in Western Africa

In 2022, the amount of machinery for the preparation or making up of tobacco exported in Western Africa shrank markedly to X units, with a decrease of -86.3% compared with 2021 figures. Overall, exports recorded a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 591% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports reduced notably to $X in 2022. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 4,728% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X units) represented the main exporter of machinery for the preparation or making up of tobacco in Western Africa, committing 100% of total export.

Cote d'Ivoire was also the fastest-growing in terms of the machinery for the preparation or making up of tobacco exports, with a CAGR of -24.5% from 2012 to 2022. While the share of Cote d'Ivoire (+23 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest tobacco making machinery supplier in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled -33.1%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, reducing by -14% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 599% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to -11.4% per year.

Tobacco Making Machinery Imports

Imports in Western Africa

In 2022, supplies from abroad of machinery for the preparation or making up of tobacco increased by 1% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 261%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 172%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Nigeria (X units) represented the main importer of machinery for the preparation or making up of tobacco, comprising 81% of total imports. It was distantly followed by Cote d'Ivoire (X units), creating a 14% share of total imports. The following importers - Burkina Faso (X units) and Mali (X units) - each accounted for a 3.8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tobacco making machinery imports into Nigeria stood at +13.1%. At the same time, Mali (+52.9%), Cote d'Ivoire (+5.4%) and Burkina Faso (+1.0%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +52.9% from 2012-2022. While the share of Nigeria (+58 p.p.), Cote d'Ivoire (+5.8 p.p.) and Mali (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported machinery for the preparation or making up of tobacco in Western Africa, comprising 93% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 4.4% share of total imports. It was followed by Mali, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +28.5%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (-9.1% per year) and Mali (+52.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, growing by 37% against the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2020 when the import price increased by 224%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Cote d'Ivoire ($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 (+13.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :