Western Africa: Market for Sanitary Ware And Parts Of Iron Or Steel 2024

Market Size for Sanitary Ware And Parts Of Iron Or Steel in Western Africa

The West African market for sanitary ware and parts of iron or steel expanded rapidly to $X in 2022, picking up by X% against the previous year. Overall, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sanitary Ware And Parts Of Iron Or Steel in Western Africa

In value terms, iron or steel sanitary ware production stood at $X in 2022 estimated in export price. Overall, production recorded resilient growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Exports of Sanitary Ware And Parts Of Iron Or Steel

Exports in Western Africa

In 2022, shipments abroad of sanitary ware and parts of iron or steel was finally on the rise to reach X units after four years of decline. Over the period under review, exports enjoyed temperate growth. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, iron or steel sanitary ware exports surged to $X in 2022. Overall, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Benin was the major exporter of sanitary ware and parts of iron or steel in Western Africa, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X units), achieving a X% share of total exports. Sierra Leone (X units), Ghana (X units) and Senegal (X units) followed a long way behind the leaders.

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

In value terms, Cote d'Ivoire ($X) remains the largest iron or steel sanitary ware supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. In the other countries, the average annual rates were as follows: Benin (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted sharply in the following year.

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 Sierra Leone ($X per unit), while Benin ($X per unit) 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.

Imports of Sanitary Ware And Parts Of Iron Or Steel

Imports in Western Africa

Iron or steel sanitary ware imports expanded markedly to X units in 2022, surging by X% against 2021 figures. Overall, imports continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron or steel sanitary ware imports shrank remarkably to $X in 2022. Over the period under review, imports continue to indicate a measured expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Senegal (X units), distantly followed by Nigeria (X units), Guinea (X units), Ghana (X units), Niger (X units) and Cote d'Ivoire (X units) represented the largest importers of sanitary ware and parts of iron or steel, together achieving X% of total imports. Burkina Faso (X units) held a minor share of total imports.

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

In value terms, Ghana ($X) constitutes the largest market for imported sanitary ware and parts of iron or steel in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Import price indicated a slight 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. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Senegal ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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