ECOWAS: Metal Bath Market 2024

Metal Bath Market Size in ECOWAS

The ECOWAS metal bath market rose significantly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Bath Production in ECOWAS

In value terms, metal bath production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Bath Exports

Exports in ECOWAS

In 2022, approx. X units of baths of iron or steel were exported in ECOWAS; jumping by X% on the previous year. In general, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal bath exports soared to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Liberia (X units), mixing up a X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the baths of iron or steel exports, with a CAGR of X% from 2012 to 2022. Liberia (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) and Liberia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest metal bath supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Liberia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed a prominent increase. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Liberia stood at $X per unit.

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

Metal Bath Imports

Imports in ECOWAS

In 2022, approx. X units of baths of iron or steel were imported in ECOWAS; increasing by X% on the year before. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal bath imports soared to $X in 2022. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units) was the largest importer of baths of iron or steel, achieving X% of total imports. Niger (X units) ranks second in terms of the total imports with an X% share, followed by Ghana (X%). Senegal (X units), Gambia (X units), Benin (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal bath imports into Nigeria stood at X%. At the same time, Niger (X%), Cote d'Ivoire (X%), Gambia (X%), Benin (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Niger, Gambia, Ghana, Senegal, Cote d'Ivoire and Benin increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported baths of iron or steel in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, metal bath imports contracted by 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 Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, with an increase of X% against the previous year. Import price indicated a mild expansion 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. Based on 2022 figures, metal bath import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Ghana ($X per unit), while Niger ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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