Western Africa: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Western Africa

The West African metal letter clip market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Metal Letter Clip Production in Western Africa

In value terms, metal letter clip production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Letter Clip Exports

Exports in Western Africa

In 2022, after two years of decline, there was significant growth in shipments abroad of letter clips, letter corners of base metal, when their volume increased by X% to X tons. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal letter clip exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Sierra Leone (X tons) was the major exporter of letter clips, letter corners of base metal, comprising X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), achieving a X% share of total exports. Ghana (X kg) followed a long way behind the leaders.

Exports from Sierra Leone increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Ghana (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 2012-2022. From 2012 to 2022, the share of Cote d'Ivoire and Ghana increased by X and X percentage points, respectively.

In value terms, the largest metal letter clip supplying countries in Western Africa were Sierra Leone ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

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

Metal Letter Clip Imports

Imports in Western Africa

Metal letter clip imports surged to X tons in 2022, rising by X% on 2021 figures. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal letter clip imports soared to $X in 2022. Overall, imports recorded a tangible expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria was the largest importer of letter clips, letter corners of base metal in Western Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Senegal (X tons), Cote d'Ivoire (X tons) and Ghana (X tons), together making up a X% share of total imports. The following importers - Burkina Faso (X tons), Benin (X tons) and Gambia (X tons) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the letter clips, letter corners of base metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Benin (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Burkina Faso and Gambia experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Gambia (X p.p.), Burkina Faso (X p.p.), Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal letter clip importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined X% share of total imports. Cote d'Ivoire, Gambia, Benin and Burkina Faso lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 2022, shrinking by X% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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