Western Africa: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2024

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Western Africa

The West African market for tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2022, rising by 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 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Western Africa

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) contracted to $X in 2022 estimated in export price. The total production indicated a resilient 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports in Western Africa

In 2022, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were exported in Western Africa; picking up by X% compared with the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2022. Total exports indicated buoyant growth 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Ghana was the major exporter of tubes, pipes and hollow profiles (of iron or steel) in Western Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Senegal (X tons) held the second position in the ranking, distantly followed by Mauritania (X tons), Cote d'Ivoire (X tons) and Benin (X tons). All these countries together held near X% share of total exports. Nigeria (X tons) took a relatively small share of total exports.

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

In value terms, Mauritania ($X), Senegal ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports. Cote d'Ivoire, Benin and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Benin, with a CAGR of X%, recorded the highest growth rate of 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, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports in Western Africa

In 2022, approx. X tons of tubes, pipes and hollow profiles (of iron or steel) were imported in Western Africa; with an increase of X% compared with the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) soared to $X in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Mauritania (X tons), Nigeria (X tons), Niger (X tons), Ghana (X tons) and Senegal (X tons) represented the key importer of tubes, pipes and hollow profiles (of iron or steel) in Western Africa, constituting X% of total import. It was distantly followed by Burkina Faso (X tons), Cote d'Ivoire (X tons) and Benin (X tons), together making up a X% share of total imports.

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

In value terms, Nigeria ($X), Mauritania ($X) and Senegal ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Mauritania, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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