Western Africa: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in Western Africa

The West African vapour generating boiler market declined to $X in 2021, shrinking by -7.8% against the previous year. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Vapour Generating Boiler Production in Western Africa

In value terms, vapour generating boiler production reduced to $X in 2021 estimated in export price. In general, production saw a slight downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Vapour Generating Boiler Exports

Exports in Western Africa

In 2021, overseas shipments of vapour generating boilers decreased by -95.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 839% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vapour generating boiler exports declined significantly to $X in 2021. In general, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 553%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Cabo Verde (X kg), Ghana (X kg) and Senegal (X kg) represented the main exporter of vapour generating boilers in Western Africa, committing 96% of total export. Guinea (X kg) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of +5.5%), while the other leaders experienced a decline in the exports figures.

In value terms, Senegal ($X), Cabo Verde ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2021, together comprising 85% of total exports.

Senegal, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 1,250% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+9.4%), while the other leaders experienced a decline in the export price figures.

Vapour Generating Boiler Imports

Imports in Western Africa

In 2021, purchases abroad of vapour generating boilers decreased by -9.8% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, imports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 102%. Over the period under review, imports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, vapour generating boiler imports dropped to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 186% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then contracted in the following year.

Imports by Country

The purchases of the three major importers of vapour generating boilers, namely Cote d'Ivoire, Ghana and Nigeria, represented more than two-thirds of total import. Senegal (X tons), Mauritania (X tons), Guinea-Bissau (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Guinea-Bissau (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vapour generating boiler importing markets in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), together accounting for 82% of total imports. These countries were followed by Senegal, Niger, Mauritania and Guinea-Bissau, which together accounted for a further 11%.

In terms of the main importing countries, Guinea-Bissau, with a CAGR of +42.0%, saw the highest growth rate of 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 2021, the import price in Western Africa amounted to $X per ton, growing by 2.3% against the previous year. Overall, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2014 when the import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Niger ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea-Bissau (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :