ECOWAS: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

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

The ECOWAS market for aluminium plates, sheets and strip of thickness over X mm stood at $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded a measured increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of aluminium plates, sheets and strip of thickness over X mm reached $X in 2022 estimated in export price. In general, production saw a tangible increase. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

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

Exports in ECOWAS

Exports of aluminium plates, sheets and strip of thickness over X mm stood at X tons in 2022, with an increase of X% against the previous year. Overall, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm surged to $X in 2022. In general, exports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana represented the major exporting country with an export of around X tons, which finished at X% of total exports. Benin (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%) and Burkina Faso (X%). The following exporters - Nigeria (X tons) and Mali (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to aluminium plate, sheet and strip of thickness over X mm exports from Ghana stood at X%. At the same time, Burkina Faso (X%), Mali (X%), Senegal (X%) and Benin (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Senegal (X p.p.), Burkina Faso (X p.p.), Benin (X p.p.) and Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

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

Mali, with a CAGR of X%, saw the highest growth rate of 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

The export price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Mali (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in ECOWAS

In 2022, the amount of aluminium plates, sheets and strip of thickness over X mm imported in ECOWAS surged to X tons, with an increase of X% on the previous year's figure. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm rose remarkably to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented the major importers of aluminium plates, sheets and strip of thickness over X mm in 2022, finishing at near X% and X% of total imports, respectively. Senegal (X tons) took the next position in the ranking, followed by Burkina Faso (X tons) and Cote d'Ivoire (X tons). All these countries together held approx. X% share of total imports. The following importers - Togo (X tons) and Liberia (X tons) - together made up X% 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, the largest aluminium plate, sheet and strip of thickness over X mm importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined X% share of total imports.

Senegal, with a CAGR of X%, 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

The import price in ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2021 when the import price increased by 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) 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 mixed trends in the import price figures.

Source: IndexBox Platform