Western Africa: Vacuum Vessel Market 2025

Vacuum Vessel Market Size in Western Africa

In 2022, the West African vacuum vessel market decreased by -17.4% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption, however, continues to indicate a mild increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Vacuum Vessel Production in Western Africa

In value terms, vacuum vessel production declined significantly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 151%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Vacuum Vessel Exports

Exports in Western Africa

Vacuum vessel exports contracted markedly to X units in 2022, waning by -28.5% compared with 2021 figures. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 92%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vacuum vessel exports contracted remarkably to $X in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 80%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Ghana (X units) was the main exporter of vacuum vessels, generating 44% of total exports. Nigeria (X units) held the second position in the ranking, distantly followed by Mali (X units), Niger (X units) and Cote d'Ivoire (X units). All these countries together took approx. 48% share of total exports. Guinea (X units) and Burkina Faso (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guinea (with a CAGR of +5.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X) remains the largest vacuum vessel supplier in Western Africa, comprising 65% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 22% share of total exports. It was followed by Guinea, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at -7.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (-2.8% per year) and Guinea (+24.9% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, rising by 19% against the previous year. Overall, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 an increase of 152% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+18.6%), while the other leaders experienced more modest paces of growth.

Vacuum Vessel Imports

Imports in Western Africa

In 2022, supplies from abroad of vacuum vessels decreased by -28.9% to X units, falling for the second year in a row after five years of growth. In general, imports saw a noticeable slump. The growth pace was the most rapid in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vacuum vessel imports reduced to $X in 2022. Over the period under review, imports, however, posted a modest expansion. The pace of growth was the most pronounced in 2020 when imports increased by 86%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria represented the largest importer of vacuum vessels in Western Africa, with the volume of imports reaching X units, which was near 58% of total imports in 2022. It was distantly followed by Ghana (X units), Senegal (X units), Guinea (X units) and Cote d'Ivoire (X units), together achieving a 33% share of total imports. Sierra Leone (X units) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of -4.6% from 2012 to 2022. At the same time, Senegal (+14.5%), Sierra Leone (+7.0%), Cote d'Ivoire (+4.3%) and Guinea (+4.1%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +14.5% from 2012-2022. By contrast, Ghana (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Guinea, Cote d'Ivoire and Sierra Leone increased by +7.5, +3.6, +2.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, together comprising 74% of total imports.

Among the main importing countries, Senegal, with a CAGR of +32.7%, 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 2022, the import price in Western Africa amounted to $X per unit, increasing by 26% against the previous year. Import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum vessel import price increased by +93.2% against 2018 indices. The growth pace was the most rapid in 2014 when the import price increased by 35% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+15.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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