Western Africa: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Western Africa

After three years of growth, the West African market for mechanical appliances for projecting, dispersing or spraying decreased by -42.1% to $X in 2022. Over the period under review, consumption, however, saw buoyant growth. The level of consumption peaked at $X in 2021, and then contracted markedly in the following year.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Western Africa

In value terms, production of mechanical appliances for projecting, dispersing or spraying reached $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in Western Africa

In 2022, overseas shipments of mechanical appliances for projecting, dispersing or spraying increased by 2.9% to X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 81%. 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, exports of mechanical appliances for projecting, dispersing or spraying expanded significantly to $X in 2022. Overall, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 229%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Ghana (X units), Cote d'Ivoire (X units) and Nigeria (X units) was the key exporter of mechanical appliances for projecting, dispersing or spraying in Western Africa, making up 64% of total export. Niger (X units) ranks next in terms of the total exports with a 9.6% share, followed by Sierra Leone (7.6%), Senegal (5.4%), Togo (5.3%) and Mali (4.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sierra Leone (with a CAGR of +34.1%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Sierra Leone ($X) constituted the countries with the highest levels of exports in 2022, with a combined 56% share of total exports. Ghana, Niger, Mali, Senegal and Togo lagged somewhat behind, together accounting for a further 42%.

In terms of the main exporting countries, Senegal, with a CAGR of +31.7%, saw 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 2022, increasing by 12% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mechanical appliances for projecting, dispersing or spraying decreased by -24.7% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by 82%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+5.9%), while the other leaders experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in Western Africa

In 2022, overseas purchases of mechanical appliances for projecting, dispersing or spraying decreased by -62% to X units for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 118% against the previous year. The volume of import peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying shrank dramatically to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 130% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Nigeria was the main importer of mechanical appliances for projecting, dispersing or spraying in Western Africa, with the volume of imports amounting to X units, which was approx. 51% of total imports in 2022. Ghana (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (12%) and Cote d'Ivoire (11%). Guinea (X units) took a minor share of total imports.

Imports into Nigeria increased at an average annual rate of +21.6% from 2012 to 2022. At the same time, Senegal (+27.9%), Cote d'Ivoire (+14.2%) and Guinea (+7.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +27.9% from 2012-2022. By contrast, Ghana (-2.7%) illustrated a downward trend over the same period. While the share of Nigeria (+32 p.p.), Senegal (+9.3 p.p.) and Cote d'Ivoire (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (-35.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in Western Africa, comprising 62% of total imports. The second position in the ranking was held by Ghana ($X), with an 11% share of total imports. It was followed by Cote d'Ivoire, with a 7.9% share.

In Nigeria, imports of mechanical appliances for projecting, dispersing or spraying increased at an average annual rate of +23.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+3.6% per year) and Cote d'Ivoire (+12.6% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, waning by -15.1% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the import price increased by 55%. Over the period under review, import prices reached the maximum at $X per unit in 2021, and then dropped markedly in the following year.

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 ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+6.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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