Western Africa: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in Western Africa

The West African ride-on compaction equipment market reached $X in 2022, with an increase of 7% against the previous year. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Ride-On Compaction Equipment Production in Western Africa

In value terms, ride-on compaction equipment production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 48% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Ride-On Compaction Equipment Exports

Exports in Western Africa

In 2022, the amount of ride-on compaction equipment exported in Western Africa stood at X units, flattening at 2021 figures. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by 905% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ride-on compaction equipment exports rose rapidly to $X in 2022. Overall, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 175% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Niger (X units), Cote d'Ivoire (X units), Senegal (X units) and Burkina Faso (X units), together finishing at 68% of total export. It was distantly followed by Mali (X units), Ghana (X units) and Togo (X units), together committing a 23% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +11.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Niger ($X), Cote d'Ivoire ($X) and Burkina Faso ($X) were the countries with the highest levels of exports in 2022, together comprising 60% of total exports.

In terms of the main exporting countries, Niger, with a CAGR of +41.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, growing by 13% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by 250% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+27.5%), while the other leaders experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports in Western Africa

In 2022, the amount of ride-on compaction equipment imported in Western Africa was estimated at X units, growing by 3.8% against 2021 figures. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports increased by +61.9% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 53% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, ride-on compaction equipment imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 41%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

In 2022, Nigeria (X units), distantly followed by Cote d'Ivoire (X units), Ghana (X units), Burkina Faso (X units), Senegal (X units), Niger (X units) and Guinea (X units) represented the largest importers of ride-on compaction equipment, together constituting 90% of total imports. Mali (X units) held a minor 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 Cote d'Ivoire (with a CAGR of +18.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported ride-on compaction equipment in Western Africa, comprising 32% of total imports. The second position in the ranking was held by Ghana ($X), with a 16% share of total imports. It was followed by Cote d'Ivoire, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled +1.5%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+3.8% per year) and Cote d'Ivoire (+12.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with an increase of 16% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Ghana ($X per unit), while Cote d'Ivoire ($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 (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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