ECOWAS: Metal Filing Cabinet Market 2024

Metal Filing Cabinet Market Size in ECOWAS

The ECOWAS metal filing cabinet market fell to $X in 2021, dropping by -10.2% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Metal Filing Cabinet Production in ECOWAS

In value terms, metal filing cabinet production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production saw a slight decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 46%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Metal Filing Cabinet Exports

Exports in ECOWAS

Metal filing cabinet exports skyrocketed to X tons in 2021, increasing by 82% on the previous year. Over the period under review, exports recorded a modest increase. The most prominent rate of growth was recorded in 2016 when exports increased by 129% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, metal filing cabinet exports fell notably to $X in 2021. Overall, exports saw a measured expansion. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined rapidly in the following year.

Exports by Country

Niger prevails in exports structure, reaching X tons, which was near 86% of total exports in 2021. It was distantly followed by Mali (X tons), achieving an 8.1% share of total exports. The following exporters - Sierra Leone (X kg) and Senegal (X kg) - each resulted at a 3.5% share of total exports.

Niger was also the fastest-growing in terms of the filing cabinets, card-index cabinets or desk equipment of base metal exports, with a CAGR of +57.1% from 2012 to 2021. At the same time, Mali (+24.5%), Senegal (+21.2%) and Sierra Leone (+15.2%) displayed positive paces of growth. Niger (+86 p.p.) and Mali (+6.8 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, Niger ($X) emerged as the largest metal filing cabinet supplier in ECOWAS, comprising 73% of total exports. The second position in the ranking was taken by Mali ($X), with a 12% share of total exports. It was followed by Sierra Leone, with an 11% share.

In Niger, metal filing cabinet exports increased at an average annual rate of +53.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+38.7% per year) and Sierra Leone (+51.1% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, dropping by -75.2% against the previous year. In general, the export price, however, showed a noticeable expansion. The growth pace was the most rapid in 2020 an increase of 77% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+31.2%), while the other leaders experienced mixed trends in the export price figures.

Metal Filing Cabinet Imports

Imports in ECOWAS

In 2021, after two years of growth, there was significant decline in purchases abroad of filing cabinets, card-index cabinets or desk equipment of base metal, when their volume decreased by -12.1% to X tons. Overall, imports showed a mild descent. The most prominent rate of growth was recorded in 2016 when imports increased by 86%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, metal filing cabinet imports fell to $X in 2021. In general, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2016 when imports increased by 59%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Ghana (X tons), Guinea (X tons), Togo (X tons) and Nigeria (X tons) represented the key importer of filing cabinets, card-index cabinets or desk equipment of base metal in ECOWAS, comprising 81% of total import. Senegal (X tons), Sierra Leone (X tons) and Benin (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Togo (with a CAGR of +94.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported filing cabinets, card-index cabinets or desk equipment of base metal in ECOWAS, comprising 32% of total imports. The second position in the ranking was held by Nigeria ($X), with a 16% share of total imports. It was followed by Togo, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in Ghana totaled -2.0%. In the other countries, the average annual rates were as follows: Nigeria (+9.4% per year) and Togo (+95.2% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, dropping by -2.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2018 an increase of 27% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat 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 Sierra Leone ($X per ton), while Guinea ($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 (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform