ECOWAS: Metal Washer Market 2024

Metal Washer Market Size in ECOWAS

The ECOWAS metal washer market contracted markedly to $X in 2022, waning by X% against the previous year. In general, consumption recorded a mild downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Washer Production in ECOWAS

In value terms, metal washer production shrank to $X in 2022 estimated in export price. Overall, production showed a slight descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Metal Washer Exports

Exports in ECOWAS

In 2022, exports of iron or steel washers in ECOWAS surged to X tons, rising by X% against the previous year's figure. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal washer exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible contraction. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana (X kg) and Cote d'Ivoire (X kg) represented roughly X% of total exports in 2022. It was distantly followed by Sierra Leone (X kg), making up a X% share of total exports. Mali (X kg) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Sierra Leone ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, growing by X% against the previous year. In general, the export price posted prominent growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 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 Mali ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Metal Washer Imports

Imports in ECOWAS

In 2022, purchases abroad of iron or steel washers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal washer imports contracted to $X in 2022. Overall, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X tons) and Nigeria (X tons) were the main importers of iron or steel washers in ECOWAS, together committing X% of total imports. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Guinea (X%), Togo (X%) and Burkina Faso (X%). The following importers - Liberia (X tons) and Mali (X tons) - each amounted to an X% share of total imports.

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

In value terms, the largest metal washer importing markets in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined X% share of total imports. Togo, Mali, Burkina Faso, Guinea, Senegal and Liberia lagged somewhat behind, together comprising a further X%.

Togo, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Import price indicated a temperate 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 washer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Togo ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :