ECOWAS: Copper Screw Market 2024

Copper Screw Market Size in ECOWAS

The ECOWAS copper screw market fell modestly to $X in 2022, almost unchanged from the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Copper Screw Production in ECOWAS

In value terms, copper screw production contracted to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Copper Screw Exports

Exports in ECOWAS

In 2022, copper screw exports in ECOWAS soared to X tons, rising by X% compared with 2021 figures. Overall, exports, however, saw a noticeable slump. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, copper screw exports surged to $X in 2022. Over the period under review, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Burkina Faso prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X kg), committing a X% share of total exports.

Burkina Faso experienced a relatively flat trend pattern with regard to volume of exports of copper screws, bolts and nuts. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Burkina Faso and Cote d'Ivoire increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) emerged as the largest copper screw supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

In Burkina Faso, copper screw exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price showed strong growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Burkina Faso ($X per ton), while Cote d'Ivoire amounted to $X per ton.

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

Copper Screw Imports

Imports in ECOWAS

In 2022, approx. X tons of copper screws, bolts and nuts were imported in ECOWAS; which is down by X% on the previous year's figure. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, copper screw imports skyrocketed to $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and Togo (X tons) dominates imports structure, together committing X% of total imports. It was distantly followed by Senegal (X tons), constituting an X% share of total imports. Burkina Faso (X tons), Sierra Leone (X tons) and Cote d'Ivoire (X tons) held a relatively small share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported copper screws, bolts and nuts in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Togo (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the 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 Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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