Western Africa: Reticle Manufacturing Machine Market 2024

Reticle Manufacturing Machine Market Size in Western Africa

In 2021, the West African reticle manufacturing machine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption continues to indicate significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Reticle Manufacturing Machine Production in Western Africa

In value terms, reticle manufacturing machine production fell notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2015 when the production volume increased by 434%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Reticle Manufacturing Machine Exports

Exports in Western Africa

After two years of decline, shipments abroad of machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits increased by 900% to X units in 2021. In general, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2015 with an increase of 6,400%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, reticle manufacturing machine exports surged to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal prevails in exports structure, recording X units, which was approx. 80% of total exports in 2021. Nigeria (X units) took the second position in the ranking, followed by Sierra Leone (X units). All these countries together took approx. 20% share of total exports.

Senegal was also the fastest-growing in terms of the machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits exports, with a CAGR of +17.0% from 2012 to 2021. Sierra Leone experienced a relatively flat trend pattern. Nigeria (-7.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal and Sierra Leone increased by +80 and +10 percentage points, respectively.

In value terms, Senegal ($X) emerged as the largest reticle manufacturing machine supplier in Western Africa, comprising 89% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with an 11% share of total exports.

In Senegal, reticle manufacturing machine exports increased at an average annual rate of +229.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (0.0% per year) and Nigeria (-21.2% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, picking up by 3,480% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 4,704% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+182.1%).

Reticle Manufacturing Machine Imports

Imports in Western Africa

In 2021, reticle manufacturing machine imports in Western Africa soared to X units, with an increase of 498% compared with the previous year's figure. In general, imports continue to indicate a prominent increase. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, reticle manufacturing machine imports surged to $X in 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the main importer of machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits in Western Africa, with the volume of imports amounting to X units, which was approx. 68% of total imports in 2021. It was distantly followed by Ghana (X units) and Niger (X units), together mixing up a 26% share of total imports. The following importers - Cote d'Ivoire (X units) and Burkina Faso (X units) - each reached a 5.8% share of total imports.

Imports into Nigeria increased at an average annual rate of +16.9% from 2012 to 2021. At the same time, Niger (+31.8%), Burkina Faso (+24.1%) and Cote d'Ivoire (+3.2%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +31.8% from 2012-2021. Ghana experienced a relatively flat trend pattern. From 2012 to 2021, the share of Nigeria, Niger and Burkina Faso increased by +68, +3.8 and +1.8 percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for the manufacture of masks and reticles, semiconductor devices or electronic integrated circuits in Western Africa, comprising 91% of total imports. The second position in the ranking was held by Ghana ($X), with a 3.3% share of total imports. It was followed by Burkina Faso, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +73.0%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-0.1% per year) and Burkina Faso (+38.5% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, picking up by 88% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when the import price increased by 664% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+48.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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