ECOWAS: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2025

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in ECOWAS

The ECOWAS market for aluminium casks, drums, cans, boxes and similar containers dropped to $X in 2022, leveling off at the previous year. Overall, consumption, however, posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in ECOWAS

In value terms, production of aluminium casks, drums, cans, boxes and similar containers dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 78% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports in ECOWAS

In 2022, after two years of growth, there was significant decline in shipments abroad of aluminium casks, drums, cans, boxes and similar containers, when their volume decreased by -13% to X units. Over the period under review, exports, however, recorded modest growth. The growth pace was the most rapid in 2016 when exports increased by 158%. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers fell to $X in 2022. Overall, exports saw a pronounced descent. The pace of growth was the most pronounced in 2016 when exports increased by 202%. Over the period under review, the exports of reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X units) was the key exporter of aluminium casks, drums, cans, boxes and similar containers in ECOWAS, comprising 99% of total export.

Nigeria was also the fastest-growing in terms of the aluminium casks, drums, cans, boxes and similar containers exports, with a CAGR of +38.7% from 2012 to 2022. Nigeria (+95 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest aluminium cask, drum, can, box and similar container supplier in ECOWAS.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +45.1%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of 2.3% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 79%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +4.6% per year.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports in ECOWAS

In 2022, purchases abroad of aluminium casks, drums, cans, boxes and similar containers decreased by -0.1% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 38%. Over the period under review, imports of reached the maximum at X units in 2021, and then declined modestly in the following year.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers declined to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 49% against the previous year. The level of import peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Guinea (X units) and Togo (X units) represented roughly 52% of total imports in 2022. Ghana (X units) ranks next in terms of the total imports with a 13% share, followed by Senegal (12%), Cote d'Ivoire (6.8%) and Cabo Verde (5.4%). Sierra Leone (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +60.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium cask, drum, can, box and similar container importing markets in ECOWAS were Guinea ($X), Togo ($X) and Senegal ($X), together accounting for 66% of total imports. Ghana, Cote d'Ivoire, Cabo Verde and Sierra Leone lagged somewhat behind, together comprising a further 29%.

Ghana, with a CAGR of +62.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 ECOWAS amounted to $X per unit, reducing by -6.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 16%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Cabo Verde ($X per unit) and Senegal ($X per unit), while Sierra Leone ($X per unit) and Cote d'Ivoire ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform