Western Africa: Barbed Wire Market 2024

Barbed Wire Market Size in Western Africa

For the fifth year in a row, the West African barbed wire market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Barbed Wire Production in Western Africa

In value terms, barbed wire production rose to $X in 2022 estimated in export price. In general, production, however, saw a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Barbed Wire Exports

Exports in Western Africa

After two years of decline, shipments abroad of barbed wire and entanglements increased by X% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, barbed wire exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 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

Ghana (X tons) and Cote d'Ivoire (X tons) were the main exporters of barbed wire and entanglements in 2022, finishing at approx. X% and X% of total exports, respectively. Burkina Faso (X tons) ranks next in terms of the total exports with a X% share, followed by Togo (X%). The following exporters - Benin (X tons) and Nigeria (X tons) - each reached a X% share of total exports.

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

In value terms, the largest barbed wire supplying countries in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Burkina Faso ($X), together accounting for X% of total exports. Benin, Nigeria and Togo lagged somewhat behind, together comprising a further X%.

Benin, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 2022, shrinking by X% against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Barbed Wire Imports

Imports in Western Africa

In 2022, the amount of barbed wire and entanglements imported in Western Africa soared to X tons, with an increase of X% on the previous year. Total imports indicated a strong expansion 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. Based on 2022 figures, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, barbed wire imports soared to $X in 2022. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The purchases of the six major importers of barbed wire and entanglements, namely Ghana, Guinea, Nigeria, Burkina Faso, Gambia and Senegal, represented more than two-thirds of total import. Niger (X tons) followed a long way behind the leaders.

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

In value terms, the largest barbed wire importing markets in Western Africa were Guinea ($X), Ghana ($X) and Nigeria ($X), with a combined X% share of total imports.

Among the main importing countries, Guinea, with a CAGR of X%, saw 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 ton, approximately equating the previous year. Over the period under review, the import price posted prominent growth. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Guinea ($X per ton), while Gambia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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