Western Africa: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Western Africa

The West African market for aluminium plates, sheets and strip of thickness over X mm expanded slightly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Western Africa

In value terms, production of aluminium plates, sheets and strip of thickness over X mm rose slightly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in Western Africa

In 2023, exports of aluminium plates, sheets and strip of thickness over X mm in Western Africa shrank modestly to X tons, flattening at 2022 figures. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm dropped to $X in 2023. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Benin (X tons) and Ghana (X tons) represented the main exporters of aluminium plates, sheets and strip of thickness over X mm in Western Africa, together amounting to near X% of total exports. It was distantly followed by Senegal (X tons) and Nigeria (X tons), together creating a X% share of total exports. The following exporters - Burkina Faso (X tons) and Mali (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium plate, sheet and strip of thickness over X mm supplying countries in Western Africa were Senegal ($X), Ghana ($X) and Benin ($X), with a combined X% share of total exports. Burkina Faso, Nigeria and Mali lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Nigeria, 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 more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the export price figures.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in Western Africa

In 2023, overseas purchases of aluminium plates, sheets and strip of thickness over X mm decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm contracted rapidly to $X in 2023. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2022, and then shrank significantly in the following year.

Imports by Country

Ghana (X tons), Nigeria (X tons) and Togo (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Burkina Faso (X tons), comprising a X% share of total imports. Senegal (X tons), Cote d'Ivoire (X tons) and Mauritania (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Togo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Ghana, with a CAGR of X%, recorded 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 2023, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a mild setback. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform