Western Africa: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Western Africa

The West African self-propelled bulldozer market dropped rapidly to $X in 2021, which is down by -27.1% against the previous year. In general, consumption continues to indicate a abrupt setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Self-Propelled Bulldozer Production in Western Africa

In value terms, self-propelled bulldozer production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 1,483%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports in Western Africa

Self-propelled bulldozer exports rose sharply to X units in 2021, increasing by 10% on the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 22% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso represented the key exporting country with an export of about X units, which recorded 36% of total exports. Senegal (X units) ranks second in terms of the total exports with a 15% share, followed by Niger (13%), Cote d'Ivoire (8%), Gambia (7.6%) and Benin (5%). Liberia (X units) followed a long way behind the leaders.

Exports from Burkina Faso increased at an average annual rate of +15.3% from 2012 to 2021. At the same time, Cote d'Ivoire (+29.9%), Gambia (+16.7%), Liberia (+10.6%) and Benin (+4.2%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +29.9% from 2012-2021. By contrast, Niger (-7.1%) and Senegal (-10.7%) illustrated a downward trend over the same period. While the share of Burkina Faso (+27 p.p.), Cote d'Ivoire (+7.3 p.p.), Gambia (+5.9 p.p.), Liberia (+4.2 p.p.) and Benin (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Niger (-10 p.p.) and Senegal (-23.3 p.p.) displayed negative dynamics.

In value terms, Burkina Faso ($X) emerged as the largest self-propelled bulldozer supplier in Western Africa, comprising 34% of total exports. The second position in the ranking was held by Senegal ($X), with a 13% share of total exports. It was followed by Niger, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Burkina Faso amounted to +9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (-11.7% per year) and Niger (-6.6% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, with an increase of 24% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Liberia ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+20.6%), while the other leaders experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports in Western Africa

Self-propelled bulldozer imports shrank sharply to X units in 2021, reducing by -25.2% on 2020 figures. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 26%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, self-propelled bulldozer imports shrank markedly to $X in 2021. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by 33%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Burkina Faso (X units), Ghana (X units) and Nigeria (X units) represented roughly 46% of total imports in 2021. Mali (X units) took the next position in the ranking, followed by Senegal (X units), Niger (X units), Togo (X units), Benin (X units), Cote d'Ivoire (X units) and Guinea (X units). All these countries together held approx. 42% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Niger (with a CAGR of +25.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X), Nigeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 48% of total imports. Guinea, Niger, Benin, Cote d'Ivoire, Togo, Senegal and Mali lagged somewhat behind, together comprising a further 45%.

Among the main importing countries, Niger, with a CAGR of +27.3%, saw 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 2021, the import price in Western Africa amounted to $X per unit, rising by 3.8% against the previous year. In general, the import price, however, showed a slight descent. The pace of growth was the most pronounced in 2013 when the import price increased by 5.3%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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