Western Africa: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2024

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in Western Africa

In 2022, the West African loose-leaf binder metal fitting market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption enjoyed a slight expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in Western Africa

In value terms, loose-leaf binder metal fitting production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports in Western Africa

In 2021, after two years of decline, there was decline in overseas shipments of base metal fittings for loose-leaf binders or files, when their volume decreased by X% to X tons. In general, exports showed a significant increase. The smallest decline of X% was in 2014. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, loose-leaf binder metal fitting exports stood at $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Sierra Leone (X tons), together resulting at X% of total export.

Sierra Leone experienced a relatively flat trend pattern with regard to volume of exports of base metal fittings for loose-leaf binders or files. Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Sierra Leone, loose-leaf binder metal fitting exports remained relatively stable over the period from 2013-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Sierra Leone.

From 2013 to 2021, the rate of growth in terms of prices for Sierra Leone amounted to X% per year.

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports in Western Africa

In 2022, approx. X tons of base metal fittings for loose-leaf binders or files were imported in Western Africa; with an increase of X% on 2021 figures. Overall, imports enjoyed strong growth. 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 lower figure.

In value terms, loose-leaf binder metal fitting imports skyrocketed to $X in 2022. Over the period under review, imports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) and Burkina Faso (X tons) were the largest importers of base metal fittings for loose-leaf binders or files in Western Africa, together committing X% of total imports. Gambia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Benin (X%), Cote d'Ivoire (X%) and Senegal (X%). Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported base metal fittings for loose-leaf binders or files in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 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

The import price in Western Africa stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price saw a pronounced contraction. 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 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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