Western Africa: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Western Africa

The West African self-propelled non-electric fork-lift truck market rose sharply to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Western Africa

In value terms, self-propelled non-electric fork-lift truck production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a mild downturn. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports in Western Africa

In 2022, after three years of growth, there was significant decline in overseas shipments of self-propelled fork-lift trucks with non-electric motor, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, self-propelled non-electric fork-lift truck exports fell dramatically to $X in 2022. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Cote d'Ivoire (X units), Senegal (X units) and Burkina Faso (X units), together recording X% of total export. Togo (X units) took the next position in the ranking, followed by Ghana (X units), Mali (X units) and Mauritania (X units). All these countries together held approx. X% share of total exports. Niger (X units) held a relatively small share of total exports.

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

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

Among the main exporting countries, Senegal, with a CAGR of X%, saw 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

In 2022, the export price in Western Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Togo ($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 Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports in Western Africa

In 2022, supplies from abroad of self-propelled fork-lift trucks with non-electric motor increased by X% to X units, rising for the sixth consecutive year after two years of decline. Overall, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled non-electric fork-lift truck imports skyrocketed to $X in 2022. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the key importer of self-propelled fork-lift trucks with non-electric motor in Western Africa, with the volume of imports recording X units, which was near X% of total imports in 2022. Cote d'Ivoire (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%). The following importers - Senegal (X units), Burkina Faso (X units), Guinea (X units) and Benin (X units) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to self-propelled non-electric fork-lift truck imports into Nigeria stood at X%. At the same time, Senegal (X%), Burkina Faso (X%), Benin (X%), Guinea (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Nigeria (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported self-propelled fork-lift trucks with non-electric motor in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with an X% share.

In Nigeria, self-propelled non-electric fork-lift truck imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Nigeria ($X per unit), while Ghana ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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