Report Western Africa - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 22, 2022

Western Africa - Hot-Rolled Bars of High Speed Steel - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Pricing Plan

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Western Africa: Market for Hot-Rolled Bars Of High Speed Steel 2022

Market Size for Hot-Rolled Bars Of High Speed Steel in Western Africa

In 2021, the West African market for hot-rolled bars of high speed steel increased by X% to $X, rising for the fifth year in a row after two years of decline. In general, consumption showed tangible growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Production of Hot-Rolled Bars Of High Speed Steel in Western Africa

In value terms, hot-rolled high speed steel bar production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Hot-Rolled Bars Of High Speed Steel

Exports in Western Africa

Hot-rolled high speed steel bar exports dropped markedly to X tons in 2021, which is down by -X% compared with 2020. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hot-rolled high speed steel bar exports dropped sharply to $X in 2021. Overall, exports saw a noticeable descent. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Ghana represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Liberia (X tons), mixing up a X% share of total exports.

Ghana was also the fastest-growing in terms of the hot-rolled bars of high speed steel exports, with a CAGR of +X% from 2012 to 2021. Liberia (-X%) illustrated a downward trend over the same period. While the share of Ghana (+X p.p.) and Liberia (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) and Liberia ($X) constituted the countries with the highest levels of exports in 2021.

In terms of the main exporting countries, Ghana, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Liberia ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+X%).

Imports of Hot-Rolled Bars Of High Speed Steel

Imports in Western Africa

In 2021, approx. X tons of hot-rolled bars of high speed steel were imported in Western Africa; waning by -X% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, hot-rolled high speed steel bar imports reduced sharply to $X in 2021. Over the period under review, imports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped significantly in the following year.

Imports by Country

Liberia (X tons), Mali (X tons) and Ghana (X tons) represented roughly X% of total imports in 2021. Gambia (X tons), Saint Helena, Ascension and Tristan da Cunha (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Liberia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X), Mali ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports.

Liberia, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the import price in Western Africa amounted to $X per ton, which is down by -X% against the previous year. Import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled high speed steel bar import price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably countrydestination: the country with the highest price was Nigeria ($X per ton), while Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars of high speed steel in Western Africa?
+
The countries with the highest volumes of consumption in 2021 were Sierra Leone, Liberia and Mali, together accounting for 70% of total consumption.
What are the largest producers of hot-rolled bars of high speed steel in Western Africa?
+
The country with the largest volume of hot-rolled high speed steel bar production was Sierra Leone, accounting for 69% of total volume. Moreover, hot-rolled high speed steel bar production in Sierra Leone exceeded the figures recorded by the second-largest producer, Burkina Faso, twofold.
What are the leading exporters of hot-rolled bars of high speed steel in Western Africa?
+
In value terms, Ghana and Liberia constituted the countries with the highest levels of exports in 2021.
What are the leading importers of hot-rolled bars of high speed steel in Western Africa?
+
In value terms, Liberia, Mali and Ghana constituted the countries with the highest levels of imports in 2021, with a combined 77% share of total imports.
What is the average export price for hot-rolled bars of high speed steel in Western Africa?
+
In 2021, the export price in Western Africa amounted to $9,226 per ton, shrinking by -13.5% against the previous year.
What is the average import price for hot-rolled bars of high speed steel in Western Africa?
+
The import price in Western Africa stood at $2,937 per ton in 2021, reducing by -18.7% against the previous year.

This report provides an in-depth analysis of the market for hot-rolled high speed steel bar in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 24106610 - Hot-rolled bars of high speed steel
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET