Report Update Feb 1, 2025

ECOWAS - Iron/Steel Stud-Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Metal Stud-Link Chain Market 2025

Metal Stud-Link Chain Exports

Exports in ECOWAS

In 2021, after three years of decline, there was significant growth in overseas shipments of iron/steel stud-link chain, when their volume increased by 1,353% to X tons. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal stud-link chain exports soared to $X in 2021. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 878% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Senegal prevails in exports structure, finishing at X tons, which was near 92% of total exports in 2021. It was distantly followed by Nigeria (X tons), committing a 7.5% share of total exports.

Senegal was also the fastest-growing in terms of the iron/steel stud-link chain exports, with a CAGR of +63.1% from 2012 to 2021. At the same time, Nigeria (+4.3%) displayed positive paces of growth. Senegal (+75 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -73.6% from 2012 to 2021, respectively.

In value terms, Senegal ($X) emerged as the largest metal stud-link chain supplier in ECOWAS, comprising 69% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 30% share of total exports.

In Senegal, metal stud-link chain exports expanded at an average annual rate of +56.3% over the period from 2012-2021.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, with a decrease of -74% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when the export price increased by 298% against the previous year. The level of export peaked 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 Nigeria ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+1.0%).

Metal Stud-Link Chain Imports

Imports in ECOWAS

In 2021, purchases abroad of iron/steel stud-link chain decreased by -8.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, metal stud-link chain imports amounted to $X in 2021. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2018 when imports increased by 117%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Nigeria represented the key importer of iron/steel stud-link chain in ECOWAS, with the volume of imports recording X tons, which was near 52% of total imports in 2021. Liberia (X tons) ranks second in terms of the total imports with a 23% share, followed by Ghana (10%), Senegal (4.9%) and Cote d'Ivoire (4.7%). Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal stud-link chain imports into Nigeria stood at +7.0%. At the same time, Sierra Leone (+20.6%), Cote d'Ivoire (+13.4%), Ghana (+13.2%), Senegal (+8.5%) and Liberia (+1.6%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +20.6% from 2012-2021. Ghana (+4.7 p.p.), Nigeria (+4.4 p.p.) and Cote d'Ivoire (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Liberia saw its share reduced by -10.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported iron/steel stud-link chain in ECOWAS, comprising 44% of total imports. The second position in the ranking was held by Ghana ($X), with a 20% share of total imports. It was followed by Liberia, with a 13% share.

In Nigeria, metal stud-link chain imports increased at an average annual rate of +6.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+11.4% per year) and Liberia (-1.6% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, increasing by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 26%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the metal stud-link chain market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931710 - Iron/steel stud-link chain excluding chains fitted with cutting, o r other articles where chains play a subsidiary role, door guards finished with chains, surveying chains, imitation jewellery

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024