Western Africa: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Western Africa

The West African pneumatic elevator market soared to $X in 2022, rising by 24% against the previous year. Overall, consumption recorded a resilient increase. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Pneumatic Elevator Production in Western Africa

In value terms, pneumatic elevator production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 38%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Pneumatic Elevator Exports

Exports in Western Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of pneumatic elevators and conveyors, when their volume decreased by -99.8% to X units. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 61,962% against the previous year. As a result, the exports reached the peak of X units, and then declined notably in the following year.

In value terms, pneumatic elevator exports shrank sharply to $X in 2022. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 307%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Togo (X units), distantly followed by Senegal (X units), Nigeria (X units), Cote d'Ivoire (X units) and Mauritania (X units) were the major exporters of pneumatic elevators and conveyors, together mixing up 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the largest pneumatic elevator supplier in Western Africa, comprising 79% of total exports. The second position in the ranking was held by Senegal ($X), with an 8.2% share of total exports. It was followed by Nigeria, with a 4.6% share.

In Togo, pneumatic elevator exports plunged by an average annual rate of -3.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+7.4% per year) and Nigeria (+30.9% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, rising by 32,006% against the previous year. Overall, the export price, however, saw a abrupt descent. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Mauritania ($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 (+30.9%), while the other leaders experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports in Western Africa

In 2022, the amount of pneumatic elevators and conveyors imported in Western Africa was estimated at X units, growing by 1.9% compared with 2021 figures. Overall, imports posted a tangible increase. The pace of growth was the most pronounced in 2014 when imports increased by 94%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, pneumatic elevator imports dropped remarkably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 117% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X units) and Senegal (X units) represented roughly 59% of total imports in 2022. Ghana (X units) held the next position in the ranking, distantly followed by Niger (X units) and Cote d'Ivoire (X units). All these countries together took approx. 25% share of total imports. The following importers - Sierra Leone (X units) and Mali (X units) - together made up 6.8% 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 Niger (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic elevator importing markets in Western Africa were Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X), together comprising 67% of total imports. Ghana, Niger, Mali and Sierra Leone lagged somewhat behind, together comprising a further 18%.

Niger, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, falling by -22.4% against the previous year. Overall, the import price showed a pronounced descent. The growth pace was the most rapid in 2019 an increase of 19%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

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 Cote d'Ivoire ($X per unit), while Niger ($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 (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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