ECOWAS: Market for Articles Of Non-Malleable Cast Iron 2024

Market Size for Articles Of Non-Malleable Cast Iron in ECOWAS

In 2022, the ECOWAS non-malleable cast iron articles market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a mild decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Non-Malleable Cast Iron in ECOWAS

In value terms, non-malleable cast iron articles production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports in ECOWAS

In 2022, approx. X tons of articles of non-malleable cast iron were exported in ECOWAS; declining by X% against the year before. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-malleable cast iron articles exports soared to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the key exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Ghana (X tons), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-malleable cast iron articles exports from Cote d'Ivoire stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest non-malleable cast iron articles supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Cote d'Ivoire, non-malleable cast iron articles exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Imports of Articles Of Non-Malleable Cast Iron

Imports in ECOWAS

In 2022, supplies from abroad of articles of non-malleable cast iron increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, non-malleable cast iron articles imports totaled $X in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Burkina Faso (X tons) and Mali (X tons) represented the key importers of articles of non-malleable cast iron in ECOWAS, together achieving X% of total imports. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Senegal (X tons), Ghana (X tons), Guinea (X tons) and Togo (X tons). All these countries together took near X% share of total imports.

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

In value terms, Mali ($X) constitutes the largest market for imported articles of non-malleable cast iron in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Mali, non-malleable cast iron articles 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: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per ton in 2018; however, from 2019 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 Togo ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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