Western Africa: Metal Stud-Link Chain Market 2024

Metal Stud-Link Chain Market Size in Western Africa

The West African metal stud-link chain market surged to $X in 2023, growing by X% against the previous year. In general, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Metal Stud-Link Chain Production in Western Africa

In value terms, metal stud-link chain production shrank markedly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.

Metal Stud-Link Chain Exports

Exports in Western Africa

After two years of growth, overseas shipments of iron/steel stud-link chain decreased by X% to X tons in 2023. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then plummeted in the following year.

In value terms, metal stud-link chain exports contracted sharply to $X in 2023. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped sharply in the following year.

Exports by Country

Burkina Faso was the largest exporting country with an export of around X kg, which amounted to X% of total exports. It was distantly followed by Cote d'Ivoire (X kg), generating a X% share of total exports.

Exports from Burkina Faso decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Burkina Faso (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) emerged as the largest metal stud-link chain supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports.

In Cote d'Ivoire, metal stud-link chain exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Metal Stud-Link Chain Imports

Imports in Western Africa

Metal stud-link chain imports was estimated at X tons in 2023, therefore, remained relatively stable against the previous year's figure. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, metal stud-link chain imports surged to $X in 2023. Over the period under review, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Liberia (X tons) was the largest importer of iron/steel stud-link chain, achieving X% of total imports. It was distantly followed by Nigeria (X tons), Guinea (X tons) and Cote d'Ivoire (X tons), together constituting a X% share of total imports. Ghana (X tons), Senegal (X tons) and Mauritania (X tons) held a relatively small share of total imports.

Imports into Liberia increased at an average annual rate of X% from 2012 to 2023. At the same time, Guinea (X%), Cote d'Ivoire (X%), Senegal (X%), Nigeria (X%), Mauritania (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Liberia (X p.p.), Guinea (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritania and Ghana saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal stud-link chain importing markets in Western Africa were Liberia ($X), Nigeria ($X) and Guinea ($X), together comprising X% of total imports.

Guinea, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a mild descent. The pace of growth was the most pronounced in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform