ECOWAS: Sheet Piling Market 2025

Sheet Piling Market Size in ECOWAS

The ECOWAS sheet piling market fell notably to $X in 2021, with a decrease of -15.9% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +34.0% against 2019 indices. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Sheet Piling Production in ECOWAS

In value terms, sheet piling production fell notably to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 +34.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 69%. As a result, production reached the peak level of $X, and then reduced sharply in the following year.

Sheet Piling Exports

Exports in ECOWAS

In 2021, the amount of sheet piling, shapes and sections (of iron or steel) exported in ECOWAS declined notably to X tons, waning by -24.1% against 2020 figures. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 137%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, sheet piling exports contracted sharply to $X in 2021. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2019 with an increase of 148% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) and Senegal (X tons) represented roughly 78% of total exports in 2021. Togo (X tons) ranks next in terms of the total exports with a 12% share, followed by Cote d'Ivoire (9%).

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +44.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) remains the largest sheet piling supplier in ECOWAS, comprising 65% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 24% share of total exports. It was followed by Senegal, with a 7.6% share.

In Nigeria, sheet piling exports expanded at an average annual rate of +1.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+60.0% per year) and Senegal (+0.9% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, growing by 5.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the export price increased by 69%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+10.8%), while the other leaders experienced a decline in the export price figures.

Sheet Piling Imports

Imports in ECOWAS

In 2021, sheet piling imports in ECOWAS declined markedly to X tons, waning by -15.4% compared with the previous year. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 52% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, sheet piling imports dropped to $X in 2021. In general, imports saw a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 73% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, reaching X tons, which was approx. 63% of total imports in 2021. Sierra Leone (X tons) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (8.2%), Ghana (6.6%) and Guinea (4.5%). Senegal (X tons) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Cote d'Ivoire (+13.0%) and Guinea (+7.9%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +13.0% from 2012-2021. By contrast, Ghana (-2.1%), Sierra Leone (-5.0%) and Senegal (-9.5%) illustrated a downward trend over the same period. Nigeria (+8.7 p.p.), Cote d'Ivoire (+5.3 p.p.) and Guinea (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Sierra Leone and Senegal saw its share reduced by -1.7%, -6.3% and -7% from 2012 to 2021, respectively.

In value terms, the largest sheet piling importing markets in ECOWAS were Nigeria ($X), Cote d'Ivoire ($X) and Sierra Leone ($X), together accounting for 74% of total imports.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +25.2%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, surging by 8.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of 16%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+10.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform