Western Africa: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Western Africa

The West African market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables shrank notably to $X in 2021, with a decrease of -43.3% against the previous year. In general, consumption, however, enjoyed a significant expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then declined markedly in the following year.

Production of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Western Africa

In value terms, production of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables totaled $X in 2021 estimated in export price. In general, production recorded buoyant growth. The growth pace was the most rapid in 2013 with an increase of 137% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports in Western Africa

In 2021, overseas shipments of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables skyrocketed to $X in 2021. Overall, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ghana was the major exporter of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in Western Africa, with the volume of exports recording X units, which was near 49% of total exports in 2021. It was distantly followed by Togo (X units), Nigeria (X units), Mali (X units) and Cote d'Ivoire (X units), together committing a 44% share of total exports. The following exporters - Benin (X units) and Sierra Leone (X units) - each recorded a 5.7% share of total exports.

Exports from Ghana increased at an average annual rate of +10.3% from 2012 to 2021. At the same time, Benin (+42.3%), Togo (+22.4%), Cote d'Ivoire (+15.1%), Nigeria (+11.6%), Sierra Leone (+7.0%) and Mali (+4.3%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +42.3% from 2012-2021. While the share of Togo (+12 p.p.), Sierra Leone (+2.9 p.p.), Benin (+2.6 p.p.) and Cote d'Ivoire (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ghana (-2.8 p.p.) and Mali (-5.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Togo ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2021, with a combined 76% share of total exports. These countries were followed by Cote d'Ivoire, Sierra Leone, Benin and Mali, which together accounted for a further 21%.

Benin, with a CAGR of +40.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, dropping by -35.9% against the previous year. Overall, the export price recorded a perceptible decline. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports in Western Africa

In 2021, after five years of growth, there was significant decline in supplies from abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables, when their volume decreased by -44.1% to X units. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2018 with an increase of 857%. The volume of import peaked at X units in 2020, and then dropped remarkably in the following year.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables declined sharply to $X in 2021. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 271%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in vegetables structure, resulting at X units, which was near 94% of total imports in 2021. Burkina Faso (X units) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables imports, with a CAGR of +32.6% from 2012 to 2021. Burkina Faso (-1.8%) illustrated a downward trend over the same period. While the share of Nigeria (+38 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Burkina Faso (-29.8 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables in Western Africa, comprising 92% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a 1.3% share of total imports.

In Nigeria, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables increased at an average annual rate of +25.6% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, picking up by 5.9% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 124%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Burkina Faso amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (+5.5%).

Source: IndexBox Platform

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