Western Africa - Coal or Rock Cutters and Tunnelling Machinery - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Rock Cutter Market 2024
Rock Cutter Market Size in Western Africa
The West African rock cutter market was finally on the rise to reach $X in 2023, after two years of decline. Overall, consumption continues to indicate pronounced growth. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.
Rock Cutter Production in Western Africa
In value terms, rock cutter production contracted significantly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.
Rock Cutter Exports
Exports in Western Africa
In 2023, rock cutter exports in Western Africa contracted notably to X units, waning by X% against the previous year's figure. Over the period under review, exports recorded a pronounced downturn. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.
In value terms, rock cutter exports contracted significantly to $X in 2023. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.
Exports by Country
In 2023, Ghana (X units), followed by Mali (X units) represented the largest exporters of coal or rock cutters and tunnelling machinery, together committing X% of total exports.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mali (with a CAGR of X%).
In value terms, Ghana ($X) and Mali ($X) appeared to be the countries with the highest levels of exports in 2023.
Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.
Export Prices by Country
In 2023, the export price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2023, the export prices failed to regain momentum.
Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Mali stood at $X per unit.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).
Rock Cutter Imports
Imports in Western Africa
In 2023, after two years of decline, there was growth in supplies from abroad of coal or rock cutters and tunnelling machinery, when their volume increased by X% to X units. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.
In value terms, rock cutter imports fell remarkably to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, Gambia (X units) represented the key importer of coal or rock cutters and tunnelling machinery, achieving X% of total imports. Burkina Faso (X units) took the second position in the ranking, followed by Ghana (X units), Guinea (X units), Nigeria (X units), Benin (X units), Mauritania (X units), Mali (X units), Niger (X units) and Senegal (X units). All these countries together took approx. X% share of total imports.
From 2012 to 2023, average annual rates of growth with regard to rock cutter imports into Gambia stood at X%. At the same time, Burkina Faso (X%), Benin (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Nigeria, Niger, Senegal and Mauritania experienced a relatively flat trend pattern. By contrast, Mali (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.), Guinea (X p.p.), Ghana (X p.p.), Benin (X p.p.), Nigeria (X p.p.), Mauritania (X p.p.), Niger (X p.p.), Senegal (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Gambia (X p.p.) displayed negative dynamics.
In value terms, Niger ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Burkina Faso, Guinea, Benin, Mali, Mauritania, Senegal and Gambia lagged somewhat behind, together accounting for a further X%.
In terms of the main importing countries, Burkina Faso, 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
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, however, recorded a resilient increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Niger ($X per unit), while Gambia ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the rock cutter market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28921235 - Coal or rock cutters and tunnelling machinery (excluding selfpropelled)
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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