Western Africa - Machine-Tools for Working Any Material by Removal of Material - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Market for Machine-Tools For Working Any Material By Removal Of Material 2024
Market Size for Machine-Tools For Working Any Material By Removal Of Material in Western Africa
The West African machine-tool for removing material market rose remarkably to $X in 2023, increasing by X% against the previous year. Overall, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.
Production of Machine-Tools For Working Any Material By Removal Of Material in Western Africa
In value terms, machine-tool for removing material production rose sharply to $X in 2023 estimated in export price. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.
Exports of Machine-Tools For Working Any Material By Removal Of Material
Exports in Western Africa
In 2023, overseas shipments of machine-tools for working any material by removal of material decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, machine-tool for removing material exports contracted dramatically to $X in 2023. Over the period under review, exports, however, showed a moderate expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then declined notably in the following year.
Exports by Country
Ghana was the key exporter of machine-tools for working any material by removal of material in Western Africa, with the volume of exports reaching X units, which was near X% of total exports in 2023. It was distantly followed by Nigeria (X units), Cote d'Ivoire (X units), Sierra Leone (X units) and Togo (X units), together committing a X% share of total exports. The following exporters - Cabo Verde (X units) and Mali (X units) - each reached a X% share of total exports.
Ghana was also the fastest-growing in terms of the machine-tools for working any material by removal of material exports, with a CAGR of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Togo, Cabo Verde and Mali experienced a relatively flat trend pattern. By contrast, Nigeria (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Cote d'Ivoire, Sierra Leone, Togo and Mali increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Ghana ($X), Nigeria ($X) and Togo ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Sierra Leone, Mali, Cote d'Ivoire and Cabo Verde lagged somewhat behind, together comprising a further X%.
In terms of the main exporting countries, Sierra Leone, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The export price in Western Africa stood at $X per unit in 2023, with an increase of X% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.
Imports of Machine-Tools For Working Any Material By Removal Of Material
Imports in Western Africa
Machine-tool for removing material imports surged to X units in 2023, picking up by X% on the previous year's figure. Overall, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, machine-tool for removing material imports declined to $X in 2023. Over the period under review, imports enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped in the following year.
Imports by Country
Ghana was the main importer of machine-tools for working any material by removal of material in Western Africa, with the volume of imports resulting at X units, which was near X% of total imports in 2023. Guinea (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%). Cote d'Ivoire (X units), Mali (X units), Togo (X units), Niger (X units), Senegal (X units), Burkina Faso (X units) and Benin (X units) followed a long way behind the leaders.
Imports into Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Mali (X%), Niger (X%), Benin (X%), Guinea (X%), Togo (X%), Cote d'Ivoire (X%), Burkina Faso (X%), Senegal (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Ghana (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Nigeria saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported machine-tools for working any material by removal of material in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.
In Nigeria, machine-tool for removing material imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).
Import Prices by Country
In 2023, the import price in Western Africa amounted to $X per unit, waning by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Niger ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for machine-tool for removing material 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 28411110 - Machine-tools for working any material by removal of material, operated by laser or other light or photon beam processes
- Prodcom 28411130 - Machine-tools for working any material by removal of material, operated by ultrasonic processes (excluding machines for the manufacture of semiconductor devices or of electronic integrated circuits)
- Prodcom 28411150 - Machine tools for working any material by removal of material, operated by electro-discharge processes
- Prodcom 28411170 - Machine-tools for working any material by removal of material, operated by electro-chemical, electron-beam, ionicbeam or plasma arc processes
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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