Western Africa: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Western Africa

The West African pneumatic linear acting actuator market fell to $X in 2022, with a decrease of -7.9% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.8% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Pneumatic Linear Acting Actuators in Western Africa

In value terms, pneumatic linear acting actuator production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 18% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in Western Africa

Pneumatic linear acting actuator exports rose modestly to X units in 2022, with an increase of 3.2% on 2021 figures. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 186%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports surged to $X in 2022. Overall, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of 160%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana was the largest exporter of pneumatic linear acting actuators in Western Africa, with the volume of exports accounting for X units, which was approx. 76% of total exports in 2022. Nigeria (X units) held the second position in the ranking, followed by Senegal (X units) and Cabo Verde (X units). All these countries together held approx. 20% share of total exports. Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pneumatic linear acting actuator exports from Ghana stood at +10.0%. At the same time, Senegal (+40.0%), Cabo Verde (+22.6%), Nigeria (+6.9%) and Benin (+3.0%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +40.0% from 2012-2022. Ghana (+7.7 p.p.), Senegal (+4.3 p.p.) and Cabo Verde (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Benin and Nigeria saw its share reduced by -2% and -2.3% from 2012 to 2022, respectively.

In value terms, Ghana ($X) remains the largest pneumatic linear acting actuator supplier in Western Africa, comprising 76% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 13% share of total exports. It was followed by Cabo Verde, with a 4.9% share.

In Ghana, pneumatic linear acting actuator exports expanded at an average annual rate of +10.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+4.8% per year) and Cabo Verde (+23.6% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, growing by 21% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 66% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 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 Nigeria ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in Western Africa

In 2022, after five years of growth, there was significant decline in supplies from abroad of pneumatic linear acting actuators, when their volume decreased by -36.9% to X units. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 130% against the previous year. The volume of import peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, pneumatic linear acting actuator imports reduced notably to $X in 2022. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2015 when imports increased by 130%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the main importing country with an import of around X units, which accounted for 67% of total imports. It was distantly followed by Ghana (X units), constituting a 20% share of total imports. Cote d'Ivoire (X units), Guinea (X units) and Mali (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +25.7% from 2012 to 2022. At the same time, Guinea (+39.4%), Cote d'Ivoire (+21.0%), Ghana (+17.1%) and Mali (+15.0%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +39.4% from 2012-2022. Nigeria (+14 p.p.) and Guinea (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -12.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pneumatic linear acting actuators in Western Africa, comprising 62% of total imports. The second position in the ranking was held by Ghana ($X), with a 15% share of total imports. It was followed by Cote d'Ivoire, with a 6.6% share.

In Nigeria, pneumatic linear acting actuator imports expanded at an average annual rate of +19.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (+4.9% per year) and Cote d'Ivoire (+8.6% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, increasing by 12% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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