Western Africa: Market for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel 2024

Market Size for Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in Western Africa

The West African market for seamless casing, tubing and drill oil or gas pipes of non-stainless steel shrank rapidly to $X in 2023, waning by X% against the previous year. Overall, consumption saw a drastic downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Production of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel in Western Africa

In value terms, production of seamless casing, tubing and drill oil or gas pipes of non-stainless steel shrank significantly to $X in 2023 estimated in export price. Overall, production showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production of growth failed to regain momentum.

Exports of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Exports in Western Africa

In 2023, overseas shipments of seamless casing, tubing and drill oil or gas pipes of non-stainless steel decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, exports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel fell markedly to $X in 2023. Over the period under review, exports, however, posted a notable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X tons) and Ghana (X tons) were the main exporters of seamless casing, tubing and drill oil or gas pipes of non-stainless steel in 2023, finishing at near X% and X% of total exports, respectively. Cote d'Ivoire (X tons) ranks next in terms of the total exports with a X% share, followed by Burkina Faso (X%). The following exporters - Togo (X tons) and Mali (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mauritania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mauritania ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Mauritania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a moderate expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

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 Mauritania ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Imports of Seamless Casing, Tubing and Drill Oil or Gas Pipes of Non-Stainless Steel

Imports in Western Africa

In 2023, the amount of seamless casing, tubing and drill oil or gas pipes of non-stainless steel imported in Western Africa shrank significantly to X tons, with a decrease of X% against the previous year. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel declined sharply to $X in 2023. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the largest importer of seamless casing, tubing and drill oil or gas pipes of non-stainless steel in Western Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Senegal (X tons) held the second position in the ranking, followed by Ghana (X tons), Cote d'Ivoire (X tons) and Liberia (X tons). All these countries together took approx. X% share of total imports. Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to seamless casing, tubing and drill oil or gas pipe of non-stainless steel imports into Nigeria stood at X%. At the same time, Senegal (X%), Mauritania (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Senegal, Liberia and Mauritania increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported seamless casing, tubing and drill oil or gas pipes of non-stainless steel in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, imports of seamless casing, tubing and drill oil or gas pipes of non-stainless steel declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

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 Liberia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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