ECOWAS: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in ECOWAS

The ECOWAS metal screw hook market was estimated at $X in 2022, increasing by 7.1% against the previous year. The total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Production in ECOWAS

In value terms, metal screw hook production expanded sharply to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 65% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Screw Hook Exports

Exports in ECOWAS

In 2022, overseas shipments of iron or steel screw hooks and screw rings decreased by -37.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 234% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal screw hook exports dropped remarkably to $X in 2022. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 384%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso was the key exporting country with an export of around X tons, which recorded 70% of total exports. Cote d'Ivoire (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (10%). Togo (X kg) followed a long way behind the leaders.

Burkina Faso was also the fastest-growing in terms of the iron or steel screw hooks and screw rings exports, with a CAGR of -4.4% from 2012 to 2022. Cote d'Ivoire (-13.9%), Ghana (-18.2%) and Togo (-22.3%) illustrated a downward trend over the same period. While the share of Burkina Faso (+37 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (-5.2 p.p.), Togo (-6.2 p.p.) and Ghana (-13.2 p.p.) displayed negative dynamics.

In value terms, the largest metal screw hook supplying countries in ECOWAS were Burkina Faso ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined 86% share of total exports.

Burkina Faso, with a CAGR of -8.7%, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, falling by -42.3% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of 96%. The level of export peaked at $X per ton in 2021, and then declined notably in the following year.

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 Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+3.9%), while the other leaders experienced a decline in the export price figures.

Metal Screw Hook Imports

Imports in ECOWAS

In 2022, overseas purchases of iron or steel screw hooks and screw rings increased by 18% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +10.4% 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 +79.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, metal screw hook imports reduced markedly to $X in 2022. Over the period under review, imports showed a mild increase. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

Niger was the key importing country with an import of about X tons, which reached 50% of total imports. It was distantly followed by Nigeria (X tons), Ghana (X tons) and Senegal (X tons), together making up a 41% share of total imports. Guinea (X tons), Cote d'Ivoire (X tons) and Mali (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guinea (with a CAGR of +31.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal screw hook importing markets in ECOWAS were Nigeria ($X), Niger ($X) and Ghana ($X), together comprising 69% of total imports. Cote d'Ivoire, Senegal, Guinea and Mali lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Guinea, with a CAGR of +25.1%, 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 ton in 2022, reducing by -63.3% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by 33%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Cote d'Ivoire ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform