ECOWAS: Market for Copper Tubes And Pipes 2023

Market Size for Copper Tubes And Pipes in ECOWAS

The ECOWAS copper tube and pipe market amounted to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Tubes And Pipes in ECOWAS

In value terms, copper tube and pipe production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Copper Tubes And Pipes

Exports in ECOWAS

In 2022, approx. X tons of copper tubes and pipes were exported in ECOWAS; reducing by X% on the previous year. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper tube and pipe exports contracted dramatically to $X in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Togo (X tons) was the major exporter of copper tubes and pipes, creating X% of total exports. Ghana (X tons) took the second position in the ranking, distantly followed by Benin (X tons). All these countries together took near X% share of total exports. Senegal (X tons) and Cote d'Ivoire (X tons) took a minor share of total exports.

Togo experienced a relatively flat trend pattern with regard to volume of exports of copper tubes and pipes. At the same time, Senegal (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. Benin experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.), Benin (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest copper tube and pipe supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 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 Senegal ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Imports of Copper Tubes And Pipes

Imports in ECOWAS

Copper tube and pipe imports skyrocketed to X tons in 2022, growing by X% compared with the previous year. Total imports indicated a resilient increase from 2012 to 2022: its volume 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of copper tubes and pipes, namely Ghana, Nigeria, Senegal, Niger and Cote d'Ivoire, represented more than two-thirds of total import. It was distantly followed by Guinea (X tons), constituting a X% share of total imports. Benin (X tons) took a little 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 Niger (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Ghana, copper tube and pipe 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 Nigeria (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then plummeted in the following year.

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 Benin ($X per ton), while Senegal ($X per ton) 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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