ECOWAS: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2025

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in ECOWAS

The ECOWAS market for aluminium alloy plates, sheets and strip of thickness over X mm declined to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in ECOWAS

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports in ECOWAS

In 2022, shipments abroad of aluminium alloy plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Ghana (X tons) and Benin (X tons) represented the largest exporters of aluminium alloy plates, sheets and strip of thickness over X mm in 2022, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Senegal (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons), together creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Benin (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the export price in ECOWAS amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, showed a noticeable shrinkage. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Cote d'Ivoire ($X per ton), while Benin ($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 a decline in the export price figures.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports in ECOWAS

In 2022, purchases abroad of aluminium alloy plates, sheets and strip of thickness over X mm decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, imports showed a deep slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm rose slightly to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria prevails in mm structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Ghana (X tons) and Cote d'Ivoire (X tons), together constituting an X% share of total imports. The following importers - Togo (X tons), Benin (X tons) and Burkina Faso (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to aluminium alloy plate, sheet and strip of thickness over X mm imports into Nigeria stood at X%. At the same time, Togo (X%), Cote d'Ivoire (X%), Benin (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Togo (X p.p.), Benin (X p.p.), Ghana (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported aluminium alloy plates, sheets and strip of thickness over X mm in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Overall, the import price saw a slight increase. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Benin ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform