Western Africa: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Western Africa

The West African scrapers excavator market reduced modestly to $X in 2022, declining by -3.5% against the previous year. In general, consumption recorded a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Scrapers Excavator Production in Western Africa

In value terms, scrapers excavator production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when the production volume increased by 8.4%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Scrapers Excavator Exports

Exports in Western Africa

In 2022, shipments abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) increased by 34% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 584%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, scrapers excavator exports totaled $X in 2022. In general, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 384% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Burkina Faso (X units) and Cote d'Ivoire (X units) represented roughly 55% of total exports in 2022. Niger (X units) held the next position in the ranking, followed by Nigeria (X units), Benin (X units) and Mali (X units). All these countries together took near 36% share of total exports. Ghana (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +32.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Burkina Faso ($X) and Niger ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 65% of total exports.

Burkina Faso, with a CAGR of +48.6%, 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 2022, falling by -16.1% against the previous year. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 88% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat 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 Ghana ($X per unit), while Nigeria ($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 (+7.3%), while the other leaders experienced mixed trends in the export price figures.

Scrapers Excavator Imports

Imports in Western Africa

In 2022, the amount of scrapers earth moving, excavating, extracting machinery (not self-propelled) imported in Western Africa rose markedly to X units, with an increase of 7.3% on the previous year's figure. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 59% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, scrapers excavator imports fell to $X in 2022. In general, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by 42% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria was the main importing country with an import of about X units, which finished at 50% of total imports. Ghana (X units) ranks second in terms of the total imports with a 13% share, followed by Senegal (8.7%), Cote d'Ivoire (6.7%) and Togo (5%). The following importers - Mauritania (X units) and Burkina Faso (X units) - each finished at a 7.8% share of total imports.

Nigeria was also the fastest-growing in terms of the scrapers earth moving, excavating, extracting machinery (not self-propelled) imports, with a CAGR of +19.7% from 2012 to 2022. At the same time, Senegal (+19.1%), Cote d'Ivoire (+9.9%) and Burkina Faso (+8.1%) displayed positive paces of growth. By contrast, Mauritania (-2.9%), Togo (-4.0%) and Ghana (-9.4%) illustrated a downward trend over the same period. Nigeria (+38 p.p.), Senegal (+6.6 p.p.) and Cote d'Ivoire (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Mauritania, Togo and Ghana saw its share reduced by -3.6%, -5.4% and -35.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest scrapers excavator importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), together comprising 52% of total imports.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +12.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, dropping by -18.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the import price increased by 20% against the previous year. Over the period under review, import prices hit record highs 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 Mauritania ($X per unit), while Nigeria ($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 (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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