Western Africa: Expanded Metal Market 2024

Expanded Metal Market Size in Western Africa

The West African expanded metal market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption posted a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Expanded Metal Production in Western Africa

In value terms, expanded metal production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Expanded Metal Exports

Exports in Western Africa

In 2022, exports of iron or steel expanded metal in Western Africa surged to X tons, increasing by X% compared with 2021. In general, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, expanded metal exports rose remarkably to $X in 2022. Over the period under review, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Ghana (X tons) was the largest exporter of iron or steel expanded metal, achieving X% of total exports. It was distantly followed by Senegal (X tons), making up a X% share of total exports. The following exporters - Cote d'Ivoire (X tons) and Togo (X tons) - together made up X% of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Cote d'Ivoire (X%) and Togo (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Senegal (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Senegal, 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

In 2022, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a noticeable setback. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Expanded Metal Imports

Imports in Western Africa

For the fourth consecutive year, Western Africa recorded growth in supplies from abroad of iron or steel expanded metal, which increased by X% to X tons in 2022. Overall, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, expanded metal imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, Burkina Faso (X tons) and Senegal (X tons) represented the key importers of iron or steel expanded metal in Western Africa, together making up X% of total imports. Mauritania (X tons) took the next position in the ranking, followed by Cote d'Ivoire (X tons), Niger (X tons), Togo (X tons) and Cabo Verde (X tons). All these countries together took near X% share of total imports.

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

In value terms, Senegal ($X) constitutes the largest market for imported iron or steel expanded metal in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Burkina Faso, with an X% share.

In Senegal, expanded metal imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, shrinking by X% against the previous year. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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