Western Africa: Threshing Machinery Market 2024

Threshing Machinery Market Size in Western Africa

The West African threshing machinery market expanded slightly to $X in 2022, surging by 3.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Threshing Machinery Production in Western Africa

In value terms, threshing machinery production rose to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports in Western Africa

In 2022, after three years of growth, there was significant decline in overseas shipments of threshing machinery except combine harvester-threshers, when their volume decreased by -50% to X units. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 87%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports reduced remarkably to $X in 2022. Over the period under review, exports recorded a noticeable descent. The growth pace was the most rapid in 2013 with an increase of 60% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal was the main exporting country with an export of about X units, which finished at 89% of total exports. It was distantly followed by Mali (X units), making up an 11% share of total exports.

Senegal was also the fastest-growing in terms of the threshing machinery except combine harvester-threshers exports, with a CAGR of +7.2% from 2012 to 2022. Mali (-17.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal increased by +62 percentage points.

In value terms, Senegal ($X) remains the largest threshing machinery supplier in Western Africa, comprising 95% of total exports. The second position in the ranking was taken by Mali ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at +7.6%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, growing by 39% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 89% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+0.8%).

Threshing Machinery Imports

Imports in Western Africa

In 2022, the amount of threshing machinery except combine harvester-threshers imported in Western Africa dropped significantly to X units, shrinking by -24.6% compared with the previous year. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 64%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, threshing machinery imports dropped remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 107%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X units), distantly followed by Senegal (X units), Cote d'Ivoire (X units), Nigeria (X units) and Guinea (X units) represented the key importers of threshing machinery except combine harvester-threshers, together constituting 85% of total imports. The following importers - Burkina Faso (X units) and Benin (X units) - each accounted for a 5.9% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +44.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported threshing machinery except combine harvester-threshers in Western Africa, comprising 48% of total imports. The second position in the ranking was taken by Senegal ($X), with a 15% share of total imports. It was followed by Nigeria, with a 12% share.

In Ghana, threshing machinery imports increased at an average annual rate of +10.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (+22.5% per year) and Nigeria (+13.7% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, increasing by 2.4% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2013 an increase of 42%. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+14.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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