Western Africa: Grinding Machine Market 2024

Grinding Machine Market Size in Western Africa

The West African grinding machine market fell notably to $X in 2021, waning by -19.1% against the previous year. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped markedly in the following year.

Grinding Machine Production in Western Africa

In value terms, grinding machine production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 55% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Grinding Machine Exports

Exports in Western Africa

Grinding machine exports contracted notably to X units in 2021, waning by -31.8% on the previous year. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 149% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding machine exports reduced rapidly to $X in 2021. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 with an increase of 130% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Niger was the key exporter of machines having individual functions, for mixing, kneading, crushing or grinding in Western Africa, with the volume of exports reaching X units, which was near 44% of total exports in 2021. Mauritania (X units) took the second position in the ranking, followed by Mali (X units), Senegal (X units) and Ghana (X units). All these countries together took near 44% share of total exports. The following exporters - Sierra Leone (X units) and Benin (X units) - each resulted at a 7.9% share of total exports.

Exports from Niger increased at an average annual rate of +9.1% from 2012 to 2021. At the same time, Benin (+58.2%), Sierra Leone (+30.1%) and Senegal (+14.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +58.2% from 2012-2021. By contrast, Ghana (-3.5%), Mauritania (-6.9%) and Mali (-15.0%) illustrated a downward trend over the same period. While the share of Niger (+39 p.p.), Mauritania (+10 p.p.), Senegal (+7.9 p.p.), Ghana (+4.8 p.p.), Sierra Leone (+3.9 p.p.) and Benin (+3.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Niger ($X), Sierra Leone ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

Among the main exporting countries, Sierra Leone, with a CAGR of +50.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, shrinking by -15.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 126%. The level of export peaked at $X per unit in 2020, and then fell dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+21.3%), while the other leaders experienced more modest paces of growth.

Grinding Machine Imports

Imports in Western Africa

In 2021, supplies from abroad of machines having individual functions, for mixing, kneading, crushing or grinding decreased by -32.2% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports, however, showed a slight increase. The most prominent rate of growth was recorded in 2013 when imports increased by 67% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, grinding machine imports shrank dramatically to $X in 2021. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 95%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Nigeria (X units), distantly followed by Cote d'Ivoire (X units), Senegal (X units), Benin (X units), Mauritania (X units), Ghana (X units) and Burkina Faso (X units) represented the key importers of machines having individual functions, for mixing, kneading, crushing or grinding, together committing 91% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Benin (with a CAGR of +40.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported machines having individual functions, for mixing, kneading, crushing or grinding in Western Africa, comprising 41% of total imports. The second position in the ranking was held by Mauritania ($X), with a 13% share of total imports. It was followed by Cote d'Ivoire, with a 12% share.

In Nigeria, grinding machine imports increased at an average annual rate of +10.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Mauritania (+24.4% per year) and Cote d'Ivoire (+7.7% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, picking up by 24% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grinding machine import price increased by +43.1% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 27%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+30.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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