Western Africa: Market for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids 2024

Market Size for Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Western Africa

In 2022, the West African market for machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -28.9% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, enjoyed a perceptible expansion. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids in Western Africa

In value terms, production of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids expanded modestly to $X in 2022 estimated in export price. Overall, production recorded strong growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by 140%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Exports in Western Africa

In 2022, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Western Africa totaled X units, approximately reflecting the previous year's figure. Over the period under review, exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2014 with an increase of 76% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids surged to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +127.7% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Mali was the key exporter of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Western Africa, with the volume of exports recording X units, which was near 37% of total exports in 2022. It was distantly followed by Niger (X units), Burkina Faso (X units), Senegal (X units) and Togo (X units), together making up a 50% share of total exports. The following exporters - Cote d'Ivoire (X units) and Guinea (X units) - together made up 7.1% of total exports.

Exports from Mali increased at an average annual rate of +5.8% from 2012 to 2022. At the same time, Guinea (+22.5%), Niger (+18.9%), Togo (+6.3%) and Senegal (+4.2%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +22.5% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (-9.2%) illustrated a downward trend over the same period. Niger (+13 p.p.), Mali (+6.5 p.p.) and Guinea (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Cote d'Ivoire saw its share reduced by -7.3% and -10.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X), Niger ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2022, together comprising 46% of total exports.

Niger, with a CAGR of +32.7%, 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 2022, the export price in Western Africa amounted to $X per unit, increasing by 38% against the previous year. In general, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by 51%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+24.5%), while the other leaders experienced more modest paces of growth.

Imports of Machinery For Sorting, Mixing, Agglomerating, Shaping Or Moulding of Mined Solids

Imports in Western Africa

In 2022, purchases abroad of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids decreased by -37.7% to X units, falling for the second consecutive year after three years of growth. In general, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2016 when imports increased by 400%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids skyrocketed to $X in 2022. Overall, imports, however, saw tangible growth. The pace of growth was the most pronounced in 2016 when imports increased by 256%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Nigeria represented the major importer of machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Western Africa, with the volume of imports resulting at X units, which was near 34% of total imports in 2022. Ghana (X units) ranks second in terms of the total imports with a 19% share, followed by Guinea (11%), Cote d'Ivoire (10%) and Senegal (7.2%). The following importers - Benin (X units) and Togo (X units) - each reached a 6.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Senegal (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported machinery for sorting, mixing, agglomerating, shaping or moulding of mined solids in Western Africa, comprising 46% of total imports. The second position in the ranking was held by Ghana ($X), with a 13% share of total imports. It was followed by Cote d'Ivoire, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-1.5% per year) and Cote d'Ivoire (+16.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, growing by 89% against the previous year. Overall, the import price saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 ($X per unit), while Togo ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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