ECOWAS: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in ECOWAS

The ECOWAS cast iron household articles market contracted slightly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption recorded a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Table, Kitchen Or Household Articles Of Cast Iron in ECOWAS

In value terms, cast iron household articles production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a pronounced slump. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in ECOWAS

In 2022, cast iron household articles exports in ECOWAS soared to X tons, rising by X% on 2021 figures. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cast iron household articles exports reduced to $X in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X tons) was the main exporter of table, kitchen or household articles of cast iron, committing X% of total exports. It was distantly followed by Senegal (X tons), comprising a X% share of total exports. Ghana (X tons) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. 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. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Senegal increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) emerged as the largest cast iron household articles supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Nigeria, cast iron household articles exports increased at 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 Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in ECOWAS

In 2022, imports of table, kitchen or household articles of cast iron in ECOWAS fell to X tons, which is down by X% against the previous year. Overall, imports recorded a slight contraction. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cast iron household articles imports rose remarkably to $X in 2022. In general, imports, however, posted a notable increase. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Nigeria represented the main importer of table, kitchen or household articles of cast iron in ECOWAS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Burkina Faso (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Togo (X tons), together making up a 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, Nigeria ($X) constitutes the largest market for imported table, kitchen or household articles of cast iron in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Burkina Faso, 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: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, jumping by X% against the previous year. Import price indicated a strong increase 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, cast iron household articles import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the 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 Cote d'Ivoire ($X per ton), while Senegal ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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