ECOWAS: Market for Base Metal Automatic Door Closers 2025

Market Size for Base Metal Automatic Door Closers in ECOWAS

In 2021, after four years of growth, there was significant decline in the ECOWAS metal automatic door closer market, when its value decreased by -7.6% to $X. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Base Metal Automatic Door Closers in ECOWAS

In value terms, metal automatic door closer production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 35%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Base Metal Automatic Door Closers

Exports in ECOWAS

In 2021, approx. X kg of base metal automatic door closers were exported in ECOWAS; with a decrease of -71.8% on the previous year. Over the period under review, exports saw a pronounced slump. The pace of growth appeared the most rapid in 2017 when exports increased by 361% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal automatic door closer exports contracted dramatically to $X in 2021. Overall, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 814%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Senegal (X kg) and Nigeria (X kg) were the largest exporters of base metal automatic door closers in ECOWAS, together recording approx. 86% of total exports. It was distantly followed by Niger (X kg), generating a 14% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +250.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest metal automatic door closer supplying countries in ECOWAS were Nigeria ($X), Senegal ($X) and Niger ($X), together accounting for 98% of total exports.

Niger, with a CAGR of +234.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, increasing by 17% against the previous year. Overall, the export price continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2014 an increase of 125% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, 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 Niger ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Base Metal Automatic Door Closers

Imports in ECOWAS

After four years of growth, purchases abroad of base metal automatic door closers decreased by -46.4% to X tons in 2021. Overall, imports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2020 with an increase of 258%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, metal automatic door closer imports reduced to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented roughly 75% of total imports in 2021. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Senegal (X tons). All these countries together held near 15% share of total imports. Togo (X tons), Mali (X tons) and Guinea (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 80% of total imports.

Cote d'Ivoire, with a CAGR of +18.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the import price in ECOWAS amounted to $X per ton, growing by 61% against the previous year. In general, the import price, however, recorded a mild slump. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 2021, the most notable rate of growth in terms of prices was attained by Togo (+6.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform