Western Africa: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Western Africa

The West African metal tubular rivet market expanded modestly to $X in 2023, surging by X% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Metal Tubular Rivet Production in Western Africa

In value terms, metal tubular rivet production rose modestly to $X in 2023 estimated in export price. The total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Metal Tubular Rivet Exports

Exports in Western Africa

In 2023, the amount of base metal tubular or bifurcated rivets exported in Western Africa surged to X kg, with an increase of X% against the previous year's figure. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, metal tubular rivet exports soared to $X in 2023. Over the period under review, exports saw a measured expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Sierra Leone represented the largest exporter of base metal tubular or bifurcated rivets in Western Africa, with the volume of exports reaching X kg, which was near X% of total exports in 2023. Cote d'Ivoire (X kg) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Niger (X%). Ghana (X kg) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to metal tubular rivet exports from Sierra Leone stood at X%. At the same time, Niger (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Sierra Leone and Niger increased by X and X percentage points, respectively.

In value terms, Sierra Leone ($X) emerged as the largest metal tubular rivet supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Sierra Leone was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, approximately equating the previous year. Overall, the export price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Niger ($X per ton), while Cote d'Ivoire ($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 mixed trends in the export price figures.

Metal Tubular Rivet Imports

Imports in Western Africa

After two years of decline, purchases abroad of base metal tubular or bifurcated rivets increased by X% to X tons in 2023. In general, imports enjoyed a modest expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, metal tubular rivet imports contracted to $X in 2023. Overall, imports saw a modest increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Ghana (X tons), distantly followed by Nigeria (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Guinea (X tons) represented the main importers of base metal tubular or bifurcated rivets, together committing X% of total imports. Mauritania (X tons) followed a long way behind the leaders.

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

In value terms, the largest metal tubular rivet importing markets in Western Africa were Ghana ($X), Senegal ($X) and Nigeria ($X), with a combined X% share of total imports. Guinea, Cote d'Ivoire and Mauritania lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Western Africa stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, 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 Mauritania ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, 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