Western Africa: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Western Africa

The West African market for equipment for scaffolding, shuttering, propping or pit propping was estimated at $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a resilient increase. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Western Africa

In value terms, scaffolding, shuttering, and propping equipment production rose modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in Western Africa

In 2023, scaffolding, shuttering, and propping equipment exports in Western Africa dropped notably to X tons, reducing by X% on the year before. Overall, exports showed a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports dropped to $X in 2023. In general, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Burkina Faso (X tons) and Cote d'Ivoire (X tons) represented the key exporters of equipment for scaffolding, shuttering, propping or pit propping in 2023, recording approx. X% and X% of total exports, respectively. Senegal (X tons) took the next position in the ranking, distantly followed by Ghana (X tons) and Togo (X tons). All these countries together held near X% share of total exports. The following exporters - Gambia (X tons) and Niger (X tons) - each resulted at an X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Gambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment supplying countries in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Burkina Faso ($X), with a combined X% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of 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 ton in 2023, jumping by X% against the previous year. Export price indicated a resilient increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, scaffolding, shuttering, and propping equipment export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in Western Africa

In 2023, purchases abroad of equipment for scaffolding, shuttering, propping or pit propping decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell slightly in the following year.

In value terms, scaffolding, shuttering, and propping equipment imports reduced to $X in 2023. In general, imports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of equipment for scaffolding, shuttering, propping or pit propping, namely Nigeria, Cote d'Ivoire, Liberia, Senegal and Ghana, represented more than two-thirds of total import. Guinea (X tons) ranks next in terms of the total imports with a X% share, followed by Benin (X%).

From 2012 to 2023, the biggest increases were recorded for Liberia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Liberia ($X), with a combined X% share of total imports.

Liberia, with a CAGR of X%, saw the highest growth rate of 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

The import price in Western Africa stood at $X per ton in 2023, remaining stable against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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 Liberia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform