ECOWAS: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in ECOWAS

The ECOWAS vapour generating boiler market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Vapour Generating Boiler Production in ECOWAS

In value terms, vapour generating boiler production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a measured increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vapour Generating Boiler Exports

Exports in ECOWAS

In 2022, overseas shipments of vapour generating boilers increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded pronounced growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vapour generating boiler exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), creating a X% share of total exports. Ghana (X kg) held a little share of total exports.

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

In value terms, Togo ($X) emerged as the largest vapour generating boiler supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

In Togo, vapour generating boiler exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The level of export peaked at $X per ton in 2012; however, from 2013 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 Togo ($X per ton), while Cote d'Ivoire ($X per ton) 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 a decline in the export price figures.

Vapour Generating Boiler Imports

Imports in ECOWAS

Vapour generating boiler imports fell to X tons in 2022, declining by X% on 2021. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, vapour generating boiler imports dropped notably to $X in 2022. In general, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire (X tons), Nigeria (X tons) and Ghana (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Mali (X tons), comprising a X% share of total imports. The following importers - Togo (X tons), Burkina Faso (X tons) and Senegal (X tons) - together made up X% of total imports.

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

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Mali, Senegal, Burkina Faso and Togo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mali ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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