ECOWAS: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in ECOWAS

The ECOWAS transporter and bridge cranes market rose slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a perceptible increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in ECOWAS

In value terms, transporter and bridge cranes production soared to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in ECOWAS

In 2022, exports of transporter cranes, gantry cranes and bridge cranes in ECOWAS soared to X units, with an increase of X% on the year before. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, transporter and bridge cranes exports declined sharply to $X in 2022. In general, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Benin represented the main exporter of transporter cranes, gantry cranes and bridge cranes in ECOWAS, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X units), Ghana (X units) and Togo (X units), together making up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to transporter and bridge cranes exports from Benin stood at X%. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Benin, Togo, Ghana and Cote d'Ivoire increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest transporter and bridge cranes supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Benin, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Cote d'Ivoire ($X per unit), while Benin ($X per unit) was amongst the lowest.

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

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in ECOWAS

In 2022, supplies from abroad of transporter cranes, gantry cranes and bridge cranes was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transporter and bridge cranes imports surged to $X in 2022. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria (X units) and Cote d'Ivoire (X units) were the major importers of transporter cranes, gantry cranes and bridge cranes in 2022, reaching approx. X% and X% of total imports, respectively. Guinea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%). Burkina Faso (X units), Mali (X units) and Senegal (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ECOWAS amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, showed a mild shrinkage. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 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 Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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