Western Africa: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Western Africa

The West African metal pickling preparations market reduced to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Pickling Preparations Production in Western Africa

In value terms, metal pickling preparations production shrank to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Pickling Preparations Exports

Exports in Western Africa

In 2022, overseas shipments of pickling preparations for metal surfaces decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted notably in the following year.

In value terms, metal pickling preparations exports reduced notably to $X in 2022. In general, exports, however, posted a notable expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

In 2022, Senegal (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons) was the main exporter of pickling preparations for metal surfaces in Western Africa, achieving X% of total export. It was distantly followed by Sierra Leone (X tons), comprising a X% share of total exports. Gambia (X kg) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations supplying countries in Western Africa were Senegal ($X), Ghana ($X) and Sierra Leone ($X), together comprising X% of total exports. Gambia, Cote d'Ivoire and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Gambia, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal pickling preparations export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports in Western Africa

For the third consecutive year, Western Africa recorded growth in overseas purchases of pickling preparations for metal surfaces, which increased by X% to X tons in 2022. In general, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal pickling preparations imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Ghana (X tons), Cote d'Ivoire (X tons) and Guinea (X tons) held a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pickling preparations for metal surfaces in Western Africa, comprising X% of total imports. The second position in the ranking was held by Guinea ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, metal pickling preparations imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. In general, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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