ECOWAS: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in ECOWAS

The ECOWAS non-domestic dryer market reached $X.8B in 2022, surging by X% against the previous year. Over the period under review, consumption posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Domestic Dryer Production in ECOWAS

In value terms, non-domestic dryer production rose modestly to $X.6B in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X.2B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Domestic Dryer Exports

Exports in ECOWAS

In 2022, after three years of growth, there was significant decline in overseas shipments of non-domestic dryers, when their volume decreased by X% to X units. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, non-domestic dryer exports shrank markedly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Benin (X units) and Senegal (X units) prevails in exports structure, together achieving X% of total exports. Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Benin ($X) remains the largest non-domestic dryer supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Non-Domestic Dryer Imports

Imports in ECOWAS

In 2022, overseas purchases of non-domestic dryers decreased by X% to X units, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-domestic dryer imports contracted dramatically to $X in 2022. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units) represented the largest importer of non-domestic dryers, generating X% of total imports. Ghana (X units) ranks second in terms of the total imports with a X% share, followed by Senegal (X%). Cote d'Ivoire (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported non-domestic dryers in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with an X% share.

In Nigeria, non-domestic dryer imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, jumping by X% against the previous year. In general, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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