Western Africa: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Western Africa

The West African steam blasting machine market surged to $X in 2021, rising by 22% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Steam Blasting Machine Production in Western Africa

In value terms, steam blasting machine production totaled $X in 2021 estimated in export price. Overall, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in Western Africa

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines exported in Western Africa shrank significantly to X units, which is down by -74.4% against the previous year. Overall, exports, however, continue to indicate moderate growth. The pace of growth appeared the most rapid in 2020 with an increase of 245%. As a result, the exports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, steam blasting machine exports fell sharply to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 147% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cabo Verde (X units) and Ghana (X units) represented the major exporters of steam or sand blasting machines and similar jet-projecting machines in 2021, amounting to near 42% and 36% of total exports, respectively. Cote d'Ivoire (X units) held the next position in the ranking, followed by Togo (X units) and Nigeria (X units). All these countries together held approx. 21% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cabo Verde (with a CAGR of +50.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest steam blasting machine supplying countries in Western Africa were Ghana ($X), Cabo Verde ($X) and Cote d'Ivoire ($X), with a combined 16% share of total exports.

Ghana, with a CAGR of +31.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, increasing by 162% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+11.5%), while the other leaders experienced a decline in the export price figures.

Steam Blasting Machine Imports

Imports in Western Africa

In 2021, supplies from abroad of steam or sand blasting machines and similar jet-projecting machines increased by 174% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by 364%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, steam blasting machine imports surged to $X in 2021. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, reaching X units, which was approx. 77% of total imports in 2021. Burkina Faso (X units) held a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (5.5%). The following importers - Ghana (X units) and Senegal (X units) - each amounted to a 6.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to steam blasting machine imports into Nigeria stood at +20.3%. At the same time, Senegal (+24.2%), Burkina Faso (+15.6%) and Cote d'Ivoire (+7.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +24.2% from 2012-2021. Ghana experienced a relatively flat trend pattern. Nigeria (+19 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Ghana saw its share reduced by -6.1% and -9.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines in Western Africa, comprising 80% of total imports. The second position in the ranking was taken by Ghana ($X), with a 5.8% share of total imports. It was followed by Cote d'Ivoire, with a 5.5% share.

In Nigeria, steam blasting machine imports expanded at an average annual rate of +34.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+7.0% per year) and Cote d'Ivoire (+9.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, rising by 18% against the previous year. In general, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of 224%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ghana ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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