Report Western Africa - Nails, Tacks, Staples, Screws and Bolts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 9, 2022

Western Africa - Nails, Tacks, Staples, Screws and Bolts - Market Analysis, Forecast, Size, Trends and Insights
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Western Africa: Nail And Bolt Market 2022

Nail And Bolt Market Size in Western Africa

In 2021, after four years of growth, there was significant decline in the West African nail and bolt market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted sharply in the following year.

Nail And Bolt Production in Western Africa

In value terms, nail and bolt production reduced to $X in 2021 estimated in export price. The total production indicated a perceptible increase from 2012 to 2021: its value 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, production increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020, and then declined in the following year.

Nail And Bolt Exports

Exports in Western Africa

In 2021, the amount of nails, tacks, staples, screws and bolts exported in Western Africa surged to X tons, jumping by X% against the previous year's figure. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, nail and bolt exports soared to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire (X tons) and Benin (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Ghana (X tons), constituting a X% share of total exports. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Benin (with a CAGR of +X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Benin ($X), Cote d'Ivoire ($X) and Ghana ($X) were the countries with the highest levels of exports in 2021, together comprising X% of total exports.

Benin, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price, however, continues to indicate a mild slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Benin ($X per ton) and Togo ($X per ton), while Ghana ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+X%), while the other leaders experienced a decline in the export price figures.

Nail And Bolt Imports

Imports in Western Africa

In 2021, after two years of growth, there was significant decline in overseas purchases of nails, tacks, staples, screws and bolts, when their volume decreased by -X% to X tons. Over the period under review, imports showed a slight contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2020, and then fell notably in the following year.

In value terms, nail and bolt imports dropped notably to $X in 2021. Total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then reduced sharply in the following year.

Imports by Country

Ghana (X tons) and Nigeria (X tons) represented roughly X% of total imports in 2021. It was distantly followed by Cote d'Ivoire (X tons), Guinea (X tons), Senegal (X tons) and Sierra Leone (X tons), together creating a X% share of total imports. Niger (X tons), Benin (X tons), Liberia (X tons), Gambia (X tons), Burkina Faso (X tons), Togo (X tons) and Mauritania (X tons) followed a long way behind the leaders.

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

In value terms, the largest nail and bolt importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports. Burkina Faso, Senegal, Guinea, Liberia, Sierra Leone, Mauritania, Togo, Gambia, Niger and Benin lagged somewhat behind, together accounting for a further X Faso, 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 2021, the import price in Western Africa amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Burkina Faso ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (+X%), while the other leaders experienced more modest paces of growth.

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 nails, tacks, staples, screws and bolts in Western Africa?
+
Cote d'Ivoire remains the largest nail and bolt consuming country in Western Africa, accounting for 42% of total volume. Moreover, nail and bolt consumption in Cote d'Ivoire exceeded the figures recorded by the second-largest consumer, Benin, twofold. The third position in this ranking was taken by Togo, with a 10% share.
What are the largest producers of nails, tacks, staples, screws and bolts in Western Africa?
+
Cote d'Ivoire remains the largest nail and bolt producing country in Western Africa, accounting for 60% of total volume. Moreover, nail and bolt production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Benin, twofold.
What are the leading suppliers of nails, tacks, staples, screws and bolts in Western Africa?
+
In value terms, the largest nail and bolt supplying countries in Western Africa were Benin, Cote d'Ivoire and Ghana, together comprising 85% of total exports.
What are the leading importers of nails, tacks, staples, screws and bolts in Western Africa?
+
In value terms, the largest nail and bolt importing markets in Western Africa were Nigeria, Ghana and Cote d'Ivoire, together accounting for 56% of total imports. Burkina Faso, Senegal, Guinea, Liberia, Sierra Leone, Mauritania, Togo, Gambia, Niger and Benin lagged somewhat behind, together comprising a further 41%.
What is the average export price for nails, tacks, staples, screws and bolts in Western Africa?
+
In 2021, the export price in Western Africa amounted to $885 per ton, rising by 13% against the previous year.
What is the average import price for nails, tacks, staples, screws and bolts in Western Africa?
+
In 2021, the import price in Western Africa amounted to $2,165 per ton, growing by 36% against the previous year.

This report provides an in-depth analysis of the nail and bolt market 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 25931410 -
• Prodcom 25931480 -
• Prodcom 25941113 - Screws, turned from bars, rods, profiles, or wire, of a shank thickness . 6 mm
• Prodcom 25941115 - Other screws and bolts for fixing railway truck construction material, iron or steel
• Prodcom 25941117 - Screws and bolts without heads in steel
• Prodcom 25941123 - Slotted and cross-recessed screws of stainless steel
• Prodcom 25941125 - Other screws and bolts with heads
• Prodcom 25941127 - Hexagon socket head screws of stainless steel
• Prodcom 25941129 - Other hexagon socket head screws
• Prodcom 25941131 - Stainless steel hexagon bolts with heads
• Prodcom 25941133 - Iron or steel hexagon bolts with heads, with a tensile strength < .800 MPa (excluding of stainless steel)
• Prodcom 25941135 - Iron or steel hexagon bolts with heads, with a tensile strength. .800 MPa (excluding of stainless steel)
• Prodcom 25941139 - Iron or steel bolts with heads (excluding hexagon bolts)
• Prodcom 25941153 - Iron or steel wood screws
• Prodcom 25941157 - Iron or steel screw hooks and screw rings
• Prodcom 25941173 - Stainless steel self-tapping screws (excluding threaded mechanisms used to transmit motion, or to act as an active machinery part)
• Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)
• Prodcom 25941183 - Iron or steel nuts turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm
• Prodcom 25941185 - Stainless steel nuts (excluding those turned from bars, rods, p rofiles, or wire, of solid section, of a hole diameter . 6 mm)
• Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
• Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel
• Prodcom 25941210 - Iron or steel spring washers and other lock washers
• Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
• Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)
• Prodcom 25941270 - Iron or steel cotters and cotter-pins and similar non-threaded articles (excluding washers, rivets)
• Prodcom 25941310 - Washers, rivets, cotters, cotter pins and the like, not threaded, of copper
• Prodcom 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)
• Prodcom 25941370 - Threaded articles of copper, n.e.c.
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
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