ECOWAS: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in ECOWAS

The ECOWAS off-highway dumper market rose sharply to $X in 2023, picking up by X% against the previous year. The total consumption indicated a notable expansion 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 2013 indices. Over the period under review, the market attained the peak level in 2023 and is likely to see gradual growth in years to come.

Off-Highway Dumper Production in ECOWAS

In value terms, off-highway dumper production expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Off-Highway Dumper Exports

Exports in ECOWAS

In 2023, approx. X units of dumpers for off-highway use were exported in ECOWAS; jumping by X% compared with the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, off-highway dumper exports soared to $X in 2023. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Senegal represented the largest exporter of dumpers for off-highway use in ECOWAS, with the volume of exports reaching X units, which was near X% of total exports in 2023. Mali (X units) ranks second in terms of the total exports with an X% share, followed by Ghana (X%).

Senegal was also the fastest-growing in terms of the dumpers for off-highway use exports, with a CAGR of X% from 2012 to 2023. At the same time, Mali (X%) and Ghana (X%) displayed positive paces of growth. While the share of Senegal (X p.p.), Mali (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest off-highway dumper supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with an X% share of total exports.

In Ghana, off-highway dumper exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Senegal ($X per unit) 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 mixed trends in the export price figures.

Off-Highway Dumper Imports

Imports in ECOWAS

Off-highway dumper imports surged to X units in 2023, rising by X% on the previous year. Over the period under review, imports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2023 and are likely to see steady growth in the immediate term.

In value terms, off-highway dumper imports surged to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

Burkina Faso dominates imports structure, finishing at X units, which was near X% of total imports in 2023. The following importers - Mali (X units), Liberia (X units), Cote d'Ivoire (X units) and Benin (X units) - together made up X% of total imports.

Imports into Burkina Faso increased at an average annual rate of X% from 2012 to 2023. At the same time, Mali (X%), Benin (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Liberia (X%) illustrated a downward trend over the same period. Burkina Faso (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Liberia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest off-highway dumper importing markets in ECOWAS were Mali ($X), Burkina Faso ($X) and Liberia ($X), with a combined X% share of total imports.

Mali, with a CAGR of X%, recorded 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

In 2023, the import price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per unit), while Burkina Faso ($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