Western Africa: Aluminium Reservoir Market 2024

Aluminium Reservoir Market Size in Western Africa

The West African aluminium reservoir market shrank slightly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Aluminium Reservoir Production in Western Africa

In value terms, aluminium reservoir production stood at $X in 2022 estimated in export price. The total output 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 most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aluminium Reservoir Exports

Exports in Western Africa

In 2022, overseas shipments of aluminium reservoirs, tanks, vats and similar containers were finally on the rise to reach X units after two years of decline. Overall, exports, however, saw a sharp contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, aluminium reservoir exports soared to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sierra Leone (X units) and Burkina Faso (X units) were the largest exporters of aluminium reservoirs, tanks, vats and similar containers in 2022, resulting at near X% and X% of total exports, respectively. It was distantly followed by Ghana (X units), committing an X% share of total exports. Senegal (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Burkina Faso ($X), Sierra Leone ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Western Africa amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price saw a resilient increase. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Aluminium Reservoir Imports

Imports in Western Africa

In 2022, overseas purchases of aluminium reservoirs, tanks, vats and similar containers decreased by X% to X units, falling for the second year in a row after five years of growth. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, aluminium reservoir imports dropped remarkably to $X in 2022. Over the period under review, imports, however, recorded temperate growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of aluminium reservoirs, tanks, vats and similar containers, namely Ghana, Sierra Leone and Mauritania, represented more than two-thirds of total import. It was distantly followed by Senegal (X units), generating a X% share of total imports. Nigeria (X units), Guinea (X units) and Mali (X units) took a relatively small 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 Sierra Leone (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium reservoir importing markets in Western Africa were Sierra Leone ($X), Ghana ($X) and Mauritania ($X), together accounting for X% of total imports.

Among the main importing countries, Sierra Leone, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Western Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Ghana ($X per unit) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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