ECOWAS: Aluminium Tube Market 2025

Aluminium Tube Market Size in ECOWAS

In 2022, the ECOWAS aluminium tube market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined in the following year.

Aluminium Tube Production in ECOWAS

In value terms, aluminium tube production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked in 2022 and is likely to see steady growth in the near future.

Aluminium Tube Exports

Exports in ECOWAS

Aluminium tube exports rose remarkably to X tons in 2022, increasing by X% against 2021 figures. Total exports indicated a mild 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. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, aluminium tube exports rose sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. Benin (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). The following exporters - Sierra Leone (X tons) and Cote d'Ivoire (X tons) - together made up X% of total exports.

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

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

Sierra Leone, 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

The export price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Nigeria ($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 export price figures.

Aluminium Tube Imports

Imports in ECOWAS

In 2022, supplies from abroad of aluminium tubes, pipes and tube or pipe fittings decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated perceptible growth 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. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, aluminium tube imports contracted slightly to $X in 2022. Total imports indicated a buoyant 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

In 2022, Nigeria (X tons) and Ghana (X tons) were the largest importers of aluminium tubes, pipes and tube or pipe fittings in ECOWAS, together constituting X% of total imports. Cote d'Ivoire (X tons) held the next position in the ranking, followed by Togo (X tons) and Guinea (X tons). All these countries together held approx. X% share of total imports. The following importers - Senegal (X tons) and Benin (X tons) - together made up X% of total imports.

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

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ECOWAS amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The level of import peaked 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 Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform