Western Africa: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Western Africa

The West African off-highway dumper market rose sharply to $X in 2023, picking up by X% against the previous year. The total consumption indicated a moderate 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 2014 indices. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Off-Highway Dumper Production in Western Africa

In value terms, off-highway dumper production amounted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Off-Highway Dumper Exports

Exports in Western Africa

In 2023, exports of dumpers for off-highway use in Western Africa soared to X units, jumping by X% on the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 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 somewhat lower figure.

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

Exports by Country

In 2023, Senegal (X units) was the main exporter of dumpers for off-highway use, creating X% of total exports. It was distantly followed by Mali (X units) and Ghana (X units), together making up a X% share of total exports.

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. Senegal (X p.p.), Mali (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Ghana stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price posted significant growth. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the export prices hit record highs 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 Western Africa

Off-highway dumper imports skyrocketed to X units in 2023, with an increase of X% compared with the year before. Overall, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, off-highway dumper imports soared to $X in 2023. In general, imports showed 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, amounting to X units, which was near X% of total imports in 2023. Mali (X units), Liberia (X units), Cote d'Ivoire (X units) and Benin (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to off-highway dumper imports into Burkina Faso stood at X%. 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 Western Africa, with a CAGR of X% from 2012-2023. By contrast, Liberia (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Liberia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Among the main importing countries, Mali, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 unit in 2023, falling by X% against the previous year. Overall, the import price showed a noticeable shrinkage. The growth pace was the most rapid 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 remained at a somewhat 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 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