We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Steam Turbine Market 2024

Steam Turbine Market Size in Western Africa

In 2021, the West African steam turbine market decreased by -30.5% to $X for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, consumption, however, saw significant growth. The level of consumption peaked at $X in 2020, and then declined remarkably in the following year.

Steam Turbine Production in Western Africa

In value terms, steam turbine production contracted to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 608% against the previous year. The level of production peaked at $X in 2020, and then contracted modestly in the following year.

Steam Turbine Exports

Exports in Western Africa

In 2021, the amount of steam turbines and other vapor turbines exported in Western Africa declined remarkably to X units, with a decrease of -64.7% against the previous year. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 927%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, steam turbine exports fell sharply to $X in 2021. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Nigeria (X units) was the largest exporter of steam turbines and other vapor turbines in Western Africa, achieving 100% of total export.

Nigeria was also the fastest-growing in terms of the steam turbines and other vapor turbines exports, with a CAGR of +8.0% from 2012 to 2021. From 2012 to 2021, the share of Nigeria increased by +89 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest steam turbine supplier in Western Africa.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at -9.7%.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, picking up by 130% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 201% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -16.4% per year.

Steam Turbine Imports

Imports in Western Africa

In 2021, approx. X units of steam turbines and other vapor turbines were imported in Western Africa; declining by -3% against the previous year's figure. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 202% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, steam turbine imports surged to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 99% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Nigeria prevails in imports structure, recording X units, which was approx. 94% of total imports in 2021. It was distantly followed by Togo (X units), mixing up a 4.7% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to steam turbine imports into Nigeria stood at +17.9%. At the same time, Togo (+82.7%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +82.7% from 2012-2021. While the share of Nigeria (+53 p.p.) and Togo (+4.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported steam turbines and other vapor turbines in Western Africa, comprising 46% of total imports. The second position in the ranking was held by Togo ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +14.8%.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, jumping by 64% against the previous year. Overall, the import price posted perceptible growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Togo ($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 Togo (+22.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria constituted the country with the largest volume of steam turbine consumption, comprising approx. 52% of total volume. Moreover, steam turbine consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, threefold. Mali ranked third in terms of total consumption with an 11% share.
Mali constituted the country with the largest volume of steam turbine production, accounting for 41% of total volume. Moreover, steam turbine production in Mali exceeded the figures recorded by the second-largest producer, Benin, threefold. The third position in this ranking was occupied by Liberia, with a 14% share.
In value terms, Nigeria constitutes the largest market for imported steam turbines and other vapor turbines in Western Africa, comprising 81% of total imports. The second position in the ranking was occupied by Ghana, with a 7.7% share of total imports.
The export price in Western Africa stood at $5,719 per unit in 2020, approximately mirroring-% against the previous year.
The import price in Western Africa stood at $649 per unit in 2021, with an increase of 55% against the previous year.

This report provides an in-depth analysis of the steam turbine market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28112130 -
  • Prodcom 28112150 -

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended reports

Asia - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 418

This report provides an in-depth analysis of the steam turbine market in Asia.

World - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 1318

This report provides an in-depth analysis of the global steam turbine market.

EU - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 449

This report provides an in-depth analysis of the steam turbine market in the EU.

U.S. - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 479

This report provides an in-depth analysis of the steam turbine market in the U.S..

China - Steam Turbines and Other Vapor Turbines - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 384

This report provides an in-depth analysis of the steam turbine market in China.

Free Data: Steam Turbines And Other Vapor Turbines - Western Africa
Table
Steam Turbines And Other Vapor Turbines - Western Africa - Table
Dashboard
Steam Turbines And Other Vapor Turbines - Western Africa - Dashboard
Report
Steam Turbines And Other Vapor Turbines - Western Africa - Report