ECOWAS: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in ECOWAS

In 2022, the ECOWAS cast iron household articles market decreased by -43.7% to $X, falling for the second year in a row after three years of growth. In general, consumption recorded a abrupt decline. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Table, Kitchen Or Household Articles Of Cast Iron in ECOWAS

In value terms, cast iron household articles production dropped remarkably to $X in 2022 estimated in export price. In general, production, however, recorded a significant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 13,931% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in ECOWAS

In 2022, overseas shipments of table, kitchen or household articles of cast iron decreased by -55.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 322% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports reduced sharply to $X in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 413%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X tons), distantly followed by Nigeria (X tons), Cote d'Ivoire (X tons), Liberia (X tons), Benin (X tons) and Senegal (X tons) were the major exporters of table, kitchen or household articles of cast iron, together constituting 92% of total exports. Burkina Faso (X kg) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Liberia (with a CAGR of +51.2%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the largest cast iron household articles supplier in ECOWAS, comprising 76% of total exports. The second position in the ranking was held by Nigeria ($X), with an 8.2% share of total exports. It was followed by Cote d'Ivoire, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to -3.7%. In the other countries, the average annual rates were as follows: Nigeria (-18.7% per year) and Cote d'Ivoire (+13.2% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, picking up by 19% against the previous year. In general, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a 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 Ghana ($X per ton), while Benin ($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 (+23.8%), while the other leaders experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in ECOWAS

In 2022, purchases abroad of table, kitchen or household articles of cast iron decreased by -47.8% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when imports increased by 122%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cast iron household articles imports fell notably to $X in 2022. Overall, imports continue to indicate a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 109%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the major importer of table, kitchen or household articles of cast iron in ECOWAS, with the volume of imports amounting to X tons, which was approx. 42% of total imports in 2022. Burkina Faso (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Togo (14%) and Senegal (14%). The following importers - Ghana (X tons) and Cote d'Ivoire (X tons) - together made up 4.5% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of +46.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported table, kitchen or household articles of cast iron in ECOWAS, comprising 36% of total imports. The second position in the ranking was held by Togo ($X), with a 14% share of total imports. It was followed by Burkina Faso, with a 13% share.

In Nigeria, cast iron household articles imports plunged by an average annual rate of -7.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (+26.4% per year) and Burkina Faso (+20.6% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, rising by 5.2% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 60%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the 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 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 Nigeria (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform