Western Africa: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in Western Africa

In 2023, the West African transporter and bridge cranes market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a slight increase from 2012 to 2023: its value 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in Western Africa

In value terms, transporter and bridge cranes production reached $X in 2023 estimated in export price. Over the period under review, production enjoyed perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports by Country

Ghana was the key exporter of transporter cranes, gantry cranes and bridge cranes in Western Africa, with the volume of exports resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Gambia (X units), constituting a X% share of total exports.

From 2013 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%).

In value terms, Ghana ($X) remains the largest transporter and bridge cranes supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Gambia ($X), with an X% share of total exports.

From 2013 to 2023, the average annual growth rate of value in Ghana was relatively modest.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, saw strong growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2022, and then reduced notably in the following year.

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 Ghana ($X per unit), while Gambia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in Western Africa

In 2023, the amount of transporter cranes, gantry cranes and bridge cranes imported in Western Africa contracted significantly to X units, which is down by X% against the year before. Over the period under review, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, transporter and bridge cranes imports shrank markedly to $X in 2023. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Guinea (X units) represented the main importer of transporter cranes, gantry cranes and bridge cranes, generating X% of total imports. Nigeria (X units) took the second position in the ranking, distantly followed by Liberia (X units) and Senegal (X units). All these countries together held approx. X% share of total imports. The following importers - Ghana (X units), Cote d'Ivoire (X units) and Burkina Faso (X units) - together made up X% of total imports.

Guinea was also the fastest-growing in terms of the transporter cranes, gantry cranes and bridge cranes imports, with a CAGR of X% from 2012 to 2023. At the same time, Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Liberia (X%), Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Guinea (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Liberia (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Guinea ($X) and Senegal ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Ghana, Cote d'Ivoire, Liberia and Burkina Faso lagged somewhat behind, together comprising a further X%.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 2023, the import price in Western Africa amounted to $X per unit, waning by X% against the previous year. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, import price attained the peak level of $X per unit, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform