
ECOWAS - Nails, Tacks, Staples, Screws and Bolts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingECOWAS: Nail And Bolt Market 2025
Nail And Bolt Market Size in ECOWAS
The ECOWAS nail and bolt market expanded modestly to $X in 2021, surging by 1.8% against the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.
Nail And Bolt Production in ECOWAS
In value terms, nail and bolt production fell to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.
Nail And Bolt Exports
Exports in ECOWAS
Nail and bolt exports reduced rapidly to X tons in 2021, falling by -26.7% on the previous year. Over the period under review, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of 52%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
In value terms, nail and bolt exports shrank rapidly to $X in 2021. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 62% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Benin was the key exporting country with an export of around X tons, which accounted for 63% of total exports. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a 16% share, followed by Ghana (12%) and Togo (5.1%). Senegal (X tons) followed a long way behind the leaders.
Exports from Benin increased at an average annual rate of +13.9% from 2012 to 2021. At the same time, Ghana (+17.4%) and Senegal (+6.9%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +17.4% from 2012-2021. By contrast, Cote d'Ivoire (-15.1%) and Togo (-15.2%) illustrated a downward trend over the same period. While the share of Benin (+47 p.p.) and Ghana (+9.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Togo (-13.6 p.p.) and Cote d'Ivoire (-43.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Benin ($X) emerged as the largest nail and bolt supplier in ECOWAS, comprising 59% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 17% share of total exports. It was followed by Ghana, with a 6.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value in Benin totaled +10.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (-13.5% per year) and Ghana (-2.0% per year).
Export Prices by Country
In 2021, the export price in ECOWAS amounted to $X per ton, rising by 7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 14%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+3.4%), while the other leaders experienced mixed trends in the export price figures.
Nail And Bolt Imports
Imports in ECOWAS
In 2021, supplies from abroad of nails, tacks, staples, screws and bolts decreased by -2.5% to X tons for the first time since 2017, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.
In value terms, nail and bolt imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.2% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 39%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.
Imports by Country
Ghana (X tons) and Nigeria (X tons) were the largest importers of nails, tacks, staples, screws and bolts in 2021, recording near 27% and 19% of total imports, respectively. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Guinea (X tons), Benin (X tons), Burkina Faso (X tons), Liberia (X tons) and Senegal (X tons). All these countries together took near 40% share of total imports.
From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 58% of total imports.
In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +19.6%, saw 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 2021, growing by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Benin ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+10.1%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the nail and bolt 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 25931410 -
- Prodcom 25931480 -
- Prodcom 25941113 - Screws, turned from bars, rods, profiles, or wire, of a shank thickness . 6 mm
- Prodcom 25941115 - Other screws and bolts for fixing railway truck construction material, iron or steel
- Prodcom 25941117 - Screws and bolts without heads in steel
- Prodcom 25941123 - Slotted and cross-recessed screws of stainless steel
- Prodcom 25941125 - Other screws and bolts with heads
- Prodcom 25941127 - Hexagon socket head screws of stainless steel
- Prodcom 25941129 - Other hexagon socket head screws
- Prodcom 25941131 - Stainless steel hexagon bolts with heads
- Prodcom 25941133 - Iron or steel hexagon bolts with heads, with a tensile strength < .800 MPa (excluding of stainless steel)
- Prodcom 25941135 - Iron or steel hexagon bolts with heads, with a tensile strength. .800 MPa (excluding of stainless steel)
- Prodcom 25941139 - Iron or steel bolts with heads (excluding hexagon bolts)
- Prodcom 25941153 - Iron or steel wood screws
- Prodcom 25941157 - Iron or steel screw hooks and screw rings
- Prodcom 25941173 - Stainless steel self-tapping screws (excluding threaded mechanisms used to transmit motion, or to act as an active machinery part)
- Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)
- Prodcom 25941183 - Iron or steel nuts turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm
- Prodcom 25941185 - Stainless steel nuts (excluding those turned from bars, rods, p rofiles, or wire, of solid section, of a hole diameter . 6 mm)
- Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
- Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel
- Prodcom 25941210 - Iron or steel spring washers and other lock washers
- Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
- Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)
- Prodcom 25941270 - Iron or steel cotters and cotter-pins and similar non-threaded articles (excluding washers, rivets)
- Prodcom 25941310 - Washers, rivets, cotters, cotter pins and the like, not threaded, of copper
- Prodcom 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)
- Prodcom 25941370 - Threaded articles of copper, n.e.c.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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