ECOWAS: Pumps For Liquids Market 2024

Pumps For Liquids Market Size in ECOWAS

The ECOWAS pumps for liquids market rose markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, continues to indicate prominent growth. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Pumps For Liquids Production in ECOWAS

In value terms, pumps for liquids production reached $X in 2022 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pumps For Liquids Exports

Exports in ECOWAS

After two years of growth, overseas shipments of pumps for liquids decreased by X% to X units in 2022. In general, exports saw a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pumps for liquids exports reduced rapidly to $X in 2022. Over the period under review, exports showed a perceptible decrease. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined dramatically in the following year.

Exports by Country

In 2022, Nigeria (X units) represented the key exporter of pumps for liquids, generating X% of total exports. It was distantly followed by Cote d'Ivoire (X units), Ghana (X units), Sierra Leone (X units), Senegal (X units) and Togo (X units), together constituting a X% share of total exports. Guinea (X units) held a little share of total exports.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Guinea (X%), Sierra Leone (X%) and Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire, Ghana, Senegal, Togo and Guinea increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X), Ghana ($X) and Sierra Leone ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Senegal, Cote d'Ivoire, Togo and Guinea lagged somewhat behind, together accounting for a further X%.

Cote d'Ivoire, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price posted a significant increase. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Pumps For Liquids Imports

Imports in ECOWAS

In 2022, after six years of growth, there was significant decline in supplies from abroad of pumps for liquids, when their volume decreased by X% to X units. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2019 with an increase of X%. The volume of import peaked at X units in 2021, and then shrank in the following year.

In value terms, pumps for liquids imports declined to $X in 2022. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

The countries with the highest levels of pumps for liquids imports in 2022 were Nigeria (X units), Guinea (X units) and Ghana (X units), together reaching X% of total import. It was distantly followed by Cote d'Ivoire (X units), creating a X% share of total imports. The following importers - Senegal (X units), Gambia (X units), Benin (X units), Niger (X units) and Mali (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pumps for liquids importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Mali, Niger, Guinea, Senegal, Benin and Gambia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, saw 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 2022, the import price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 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 Mali ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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