ECOWAS: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in ECOWAS

In 2022, the ECOWAS pneumatic linear acting actuator market decreased by X% to $X, falling for the third consecutive year after eight years of growth. Over the period under review, consumption, however, posted a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Pneumatic Linear Acting Actuators in ECOWAS

In value terms, pneumatic linear acting actuator production expanded markedly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Exports of Pneumatic Linear Acting Actuators

Exports in ECOWAS

In 2022, the amount of pneumatic linear acting actuators exported in ECOWAS surged to X units, jumping by X% on 2021. Overall, exports continue to indicate a mild expansion. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports contracted rapidly to $X in 2022. Over the period under review, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal prevails in exports structure, recording X units, which was near X% of total exports in 2022. The following exporters - Ghana (X units) and Sierra Leone (X units) - together made up X% of total exports.

Senegal was also the fastest-growing in terms of the pneumatic linear acting actuators exports, with a CAGR of X% from 2012 to 2022. Sierra Leone (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sierra Leone (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, the largest pneumatic linear acting actuator supplying countries in ECOWAS were Ghana ($X), Senegal ($X) and Sierra Leone ($X), together comprising X% of total exports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. Overall, the export price faced a dramatic decrease. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Pneumatic Linear Acting Actuators

Imports in ECOWAS

In 2022, supplies from abroad of pneumatic linear acting actuators decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, imports, however, saw prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, pneumatic linear acting actuator imports shrank notably to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the main importer of pneumatic linear acting actuators in ECOWAS, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Ghana (X units) ranks second in terms of the total imports with an X% share, followed by Guinea (X%). Cote d'Ivoire (X units), Benin (X units), Burkina Faso (X units) and Senegal (X units) held a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Burkina Faso (X%), Benin (X%), Guinea (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pneumatic linear acting actuators in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, pneumatic linear acting actuator imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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