Western Africa: Iron Angle Market 2025

Iron Angle Market Size in Western Africa

The West African iron angle market fell to $X in 2021, waning by -10.9% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then fell in the following year.

Iron Angle Production in Western Africa

In value terms, iron angle production fell to $X in 2021 estimated in export price. Overall, production saw a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Iron Angle Exports

Exports in Western Africa

In 2021, overseas shipments of angles, shapes and sections (of iron or non-alloy steel) decreased by -6.8% to X tons, falling for the third consecutive year after two years of growth. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.1% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 35% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, iron angle exports totaled $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 47%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Senegal (X tons) and Ghana (X tons) represented roughly 66% of total exports in 2021. It was distantly followed by Benin (X tons), Nigeria (X tons) and Togo (X tons), together making up a 31% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +28.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Ghana ($X) and Benin ($X) constituted the countries with the highest levels of exports in 2021, with a combined 79% share of total exports. Nigeria and Togo lagged somewhat behind, together accounting for a further 16%.

Among the main exporting countries, Nigeria, with a CAGR of +31.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Senegal ($X per ton) and Benin ($X per ton), while Togo ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+2.2%), while the other leaders experienced a decline in the export price figures.

Iron Angle Imports

Imports in Western Africa

In 2021, iron angle imports in Western Africa fell sharply to X tons, reducing by -23.3% against the year before. Total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced sharply in the following year.

In value terms, iron angle imports declined to $X in 2021. Total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 56% against the previous year. The level of import peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Nigeria (X tons), Ghana (X tons) and Cote d'Ivoire (X tons) was the largest importer of angles, shapes and sections (of iron or non-alloy steel) in Western Africa, creating 67% of total import. It was distantly followed by Senegal (X tons) and Guinea (X tons), together creating a 14% share of total imports. The following importers - Mali (X tons) and Benin (X tons) - each finished at a 7.7% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +19.6%), 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, with a combined 67% share of total imports. These countries were followed by Senegal, Guinea, Mali and Benin, which together accounted for a further 21%.

In terms of the main importing countries, Guinea, with a CAGR of +17.8%, saw the highest growth rate of 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 Western Africa stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Ghana ($X per ton) and Mali ($X per ton), while Benin ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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