Western Africa: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Western Africa

The West African self-propelled rock cutter market surged to $X in 2021, rising by 70% against the previous year. Overall, consumption continues to indicate resilient growth. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Self-Propelled Rock Cutter Production in Western Africa

In value terms, self-propelled rock cutter production declined notably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 27,593% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports in Western Africa

Self-propelled rock cutter exports shrank notably to X units in 2021, reducing by -30.6% on the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 36,947%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, self-propelled rock cutter exports surged to $X in 2021. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,810%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria was the key exporting country with an export of about X units, which recorded 66% of total exports. It was distantly followed by Senegal (X units), making up a 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +72.3%).

In value terms, Senegal ($X) emerged as the largest self-propelled rock cutter supplier in Western Africa, comprising 43% of total exports. The second position in the ranking was held by Nigeria ($X), with an 11% share of total exports.

In Senegal, self-propelled rock cutter exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, with an increase of 92% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2018 when the export price increased by 255,980% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per unit), while Nigeria stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+10.7%).

Self-Propelled Rock Cutter Imports

Imports in Western Africa

In 2021, supplies from abroad of self-propelled coal or rock cutters and tunnelling machinery was finally on the rise to reach X units after two years of decline. In general, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when imports increased by 218% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled rock cutter imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ghana represented the main importer of self-propelled coal or rock cutters and tunnelling machinery in Western Africa, with the volume of imports resulting at X units, which was near 45% of total imports in 2021. Guinea (X units) held the second position in the ranking, distantly followed by Cote d'Ivoire (X units) and Nigeria (X units). All these countries together took near 47% share of total imports. The following importers - Sierra Leone (X units) and Senegal (X units) - each recorded a 3.5% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guinea (with a CAGR of +53.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported self-propelled coal or rock cutters and tunnelling machinery in Western Africa, comprising 64% of total imports. The second position in the ranking was taken by Guinea ($X), with a 14% share of total imports. It was followed by Cote d'Ivoire, with an 11% share.

In Ghana, self-propelled rock cutter imports expanded at an average annual rate of +24.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Guinea (+57.5% per year) and Cote d'Ivoire (+28.0% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, picking up by 25% against the previous year. In general, the import price enjoyed a significant increase. The pace of growth was the most pronounced in 2017 when the import price increased by 145%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :