ECOWAS: Market for Base Metal Fittings For Loose-Leaf Binders Or Files 2025

Market Size for Base Metal Fittings For Loose-Leaf Binders Or Files in ECOWAS

The ECOWAS loose-leaf binder metal fitting market expanded rapidly to $X in 2022, with an increase of 7.1% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Base Metal Fittings For Loose-Leaf Binders Or Files in ECOWAS

In value terms, loose-leaf binder metal fitting production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2015 with an increase of 5.9%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Base Metal Fittings For Loose-Leaf Binders Or Files

Exports in ECOWAS

In 2022, approx. X kg of base metal fittings for loose-leaf binders or files were exported in ECOWAS; with a decrease of -97.8% compared with the previous year's figure. Over the period under review, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 4,569%. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, loose-leaf binder metal fitting exports dropped significantly to $X in 2022. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 5,199%. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

In 2022, Benin (X kg) was the major exporter of base metal fittings for loose-leaf binders or files, creating 81% of total exports. It was distantly followed by Nigeria (X kg), mixing up a 19% share of total exports.

Benin was also the fastest-growing in terms of the base metal fittings for loose-leaf binders or files exports, with a CAGR of -2.5% from 2012 to 2022. Nigeria (-12.1%) illustrated a downward trend over the same period. While the share of Benin (+34 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (-12.5 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) and Benin ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Benin, with a CAGR of -2.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, waning by -12.9% against the previous year. Over the period under review, the export price, however, recorded a slight expansion. The pace of growth appeared the most rapid in 2018 an increase of 177%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained 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 Nigeria ($X per ton), while Benin totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+10.7%).

Imports of Base Metal Fittings For Loose-Leaf Binders Or Files

Imports in ECOWAS

After two years of growth, overseas purchases of base metal fittings for loose-leaf binders or files decreased by -14.7% to X tons in 2022. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +61.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 68% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, loose-leaf binder metal fitting imports fell rapidly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 70%. As a result, imports attained the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Senegal (X tons), Nigeria (X tons), Gambia (X tons), Cote d'Ivoire (X tons) and Togo (X tons) represented the major importer of base metal fittings for loose-leaf binders or files in ECOWAS, creating 82% of total import. Ghana (X tons) ranks next in terms of the total imports with a 5.7% share, followed by Benin (4.8%) and Cabo Verde (4.8%).

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of +31.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest loose-leaf binder metal fitting importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X), with a combined 59% share of total imports. Gambia, Ghana, Cabo Verde, Togo and Benin lagged somewhat behind, together accounting for a further 35%.

Among the main importing countries, Gambia, with a CAGR of +29.4%, 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, shrinking by -7.3% against the previous year. Over the period under review, the import price saw a noticeable slump. The growth pace was the most rapid in 2019 when the import price increased by 7.2%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Cabo Verde ($X per ton), while Gambia ($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 (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform