Western Africa: Market for Turbo-Propellers Of A Power Not Exceeding 1,100 kW 2024

Market Size for Turbo-Propellers Of A Power Not Exceeding 1,100 kW in Western Africa

The West African turbo-propeller (under X kW) market shrank notably to $X in 2023, waning by X% against the previous year. Over the period under review, consumption recorded a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2022, and then declined notably in the following year.

Production of Turbo-Propellers Of A Power Not Exceeding X kW in Western Africa

In value terms, turbo-propeller (under X kW) production declined to $X in 2023 estimated in export price. In general, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Exports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Exports in Western Africa

In 2023, shipments abroad of turbo-propellers of a power not exceeding X kW increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate a mild increase. The pace of growth appeared 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 failed to regain momentum.

In value terms, turbo-propeller (under X kW) exports soared to $X in 2023. In general, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the four major exporters of turbo-propellers of a power not exceeding X kW, namely Cabo Verde, Ghana, Cote d'Ivoire and Mali, represented more than two-thirds of total export. Niger (X units) held the next position in the ranking, followed by Burkina Faso (X units). All these countries together held approx. X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest turbo-propeller (under X kW) supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire stood at X%. In the other countries, the average annual rates were as follows: Mali (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2023, the export prices failed to regain momentum.

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

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

Imports of Turbo-Propellers Of A Power Not Exceeding 1,100 kW

Imports in Western Africa

In 2023, after two years of growth, there was significant decline in supplies from abroad of turbo-propellers of a power not exceeding X kW, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, turbo-propeller (under X kW) imports reduced rapidly to $X in 2023. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank significantly in the following year.

Imports by Country

Nigeria dominates imports structure, accounting for X units, which was near X% of total imports in 2023. Cabo Verde (X units) took the second position in the ranking, followed by Cote d'Ivoire (X units) and Mali (X units). All these countries together held approx. X% share of total imports. Ghana (X units), Niger (X units) and Burkina Faso (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Niger (X%) and Mali (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Cabo Verde (X%), Ghana (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Mali (X p.p.), Cote d'Ivoire (X p.p.), Cabo Verde (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso 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, Mali ($X) constitutes the largest market for imported turbo-propellers of a power not exceeding X kW in Western Africa, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Mali amounted to X%. In the other countries, the average annual rates were as follows: Niger (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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