Western Africa: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Western Africa

The West African positive displacement pump market totaled $X in 2021, remaining constant against the previous year. In general, consumption, however, recorded a significant increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Positive Displacement Pump Production in Western Africa

In value terms, positive displacement pump production stood at $X in 2021 estimated in export price. Over the period under review, production posted significant growth. The growth pace was the most rapid in 2016 when the production volume increased by 157%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Positive Displacement Pump Exports

Exports in Western Africa

In 2021, the amount of positive displacement pumps and hand pumps exported in Western Africa soared to X units, rising by 101% on 2020. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 354% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, positive displacement pump exports soared to $X in 2021. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 517%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ghana represented the largest exporter of positive displacement pumps and hand pumps in Western Africa, with the volume of exports accounting for X units, which was approx. 34% of total exports in 2021. Sierra Leone (X units) ranks second in terms of the total exports with a 17% share, followed by Togo (15%), Burkina Faso (14%), Senegal (8%), Nigeria (5.2%) and Cote d'Ivoire (4.9%).

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump exports from Ghana stood at +28.3%. At the same time, Togo (+108.4%), Sierra Leone (+74.1%), Burkina Faso (+26.7%), Nigeria (+16.6%), Senegal (+6.2%) and Cote d'Ivoire (+5.6%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +108.4% from 2012-2021. Sierra Leone (+16 p.p.), Togo (+15 p.p.), Ghana (+10 p.p.) and Burkina Faso (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria, Cote d'Ivoire and Senegal saw its share reduced by -3.3%, -14.6% and -22.6% from 2012 to 2021, respectively.

In value terms, Ghana ($X), Senegal ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2021, together comprising 53% of total exports. These countries were followed by Burkina Faso, Cote d'Ivoire, Togo and Sierra Leone, which together accounted for a further 46%.

Togo, with a CAGR of +67.2%, saw the highest growth rate of 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

The export price in Western Africa stood at $X per unit in 2021, which is down by -31.9% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when the export price increased by 120%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+25.7%), while the other leaders experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports in Western Africa

Positive displacement pump imports dropped modestly to X units in 2021, declining by -4.9% on 2020. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 59%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, positive displacement pump imports expanded to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +112.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, Nigeria (X units) represented the major importer of positive displacement pumps and hand pumps, committing 44% of total imports. Burkina Faso (X units) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (19%) and Ghana (5.1%). Mali (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of +31.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported positive displacement pumps and hand pumps in Western Africa, comprising 38% of total imports. The second position in the ranking was held by Nigeria ($X), with a 16% share of total imports. It was followed by Ghana, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Cote d'Ivoire totaled +23.9%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (-1.1% per year) and Ghana (+4.4% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, rising by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 when the import price increased by 31%. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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