ECOWAS: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in ECOWAS

In 2022, the ECOWAS market for iron or steel doors, thresholds for doors and windows decreased by -8.2% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a mild downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in ECOWAS

In value terms, production of iron or steel doors, thresholds for doors and windows shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 169%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports in ECOWAS

After two years of growth, overseas shipments of iron or steel doors, thresholds for doors and windows decreased by -12% to X units in 2022. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 131% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, exports of iron or steel doors, thresholds for doors and windows declined to $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by 51% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

Ghana dominates windows structure, resulting at X units, which was approx. 86% of total exports in 2022. It was distantly followed by Togo (X units), achieving a 4.6% share of total exports. Senegal (X units) and Nigeria (X units) held a relatively small share of total exports.

Ghana was also the fastest-growing in terms of the iron or steel doors, thresholds for doors and windows exports, with a CAGR of +73.9% from 2012 to 2022. At the same time, Togo (+15.5%) and Senegal (+13.7%) displayed positive paces of growth. By contrast, Nigeria (-14.9%) illustrated a downward trend over the same period. Ghana (+84 p.p.) significantly strengthened its position in terms of the total exports, while Togo, Senegal and Nigeria saw its share reduced by -1.6%, -2.1% and -66.8% from 2012 to 2022, respectively.

In value terms, Ghana ($X) remains the largest iron or steel window and door supplier in ECOWAS, comprising 74% of total exports. The second position in the ranking was held by Senegal ($X), with a 6.8% share of total exports. It was followed by Togo, with a 4.9% share.

In Ghana, exports of iron or steel doors, thresholds for doors and windows increased at an average annual rate of +72.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (+13.5% per year) and Togo (+17.0% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, increasing by 7.5% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when the export price increased by 61% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports in ECOWAS

In 2022, purchases abroad of iron or steel doors, thresholds for doors and windows decreased by -20.4% to X units, falling for the second year in a row after four years of growth. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of iron or steel doors, thresholds for doors and windows declined to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 85% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Ghana (X units) and Nigeria (X units) dominates windows structure, together achieving 80% of total imports. It was distantly followed by Togo (X units), creating a 7.5% share of total imports. Senegal (X units), Cote d'Ivoire (X units) and Gambia (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel window and door importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Togo ($X), together comprising 76% of total imports.

Among the main importing countries, Togo, with a CAGR of +105.4%, 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

The import price in ECOWAS stood at $X per unit in 2022, picking up by 25% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel doors, thresholds for doors and windows increased by +85.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 25%. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform