Western Africa: Market for Base Metal Flexible Tubing, Iron Or Steel 2025

Market Size for Base Metal Flexible Tubing, Iron Or Steel in Western Africa

The West African base metal flexible tubing market reached $X in 2021, growing by 2.9% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Base Metal Flexible Tubing, Iron Or Steel in Western Africa

In value terms, base metal flexible tubing production reached $X in 2021 estimated in export price. In general, production, however, recorded a mild setback. The growth pace was the most rapid in 2013 when the production volume increased by 57%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Base Metal Flexible Tubing, Iron Or Steel

Exports in Western Africa

Base metal flexible tubing exports shrank significantly to X tons in 2021, which is down by -30.5% against the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 272% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, base metal flexible tubing exports shrank rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 198%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Senegal (X tons) was the major exporter of base metal flexible tubing, iron or steel, comprising 70% of total exports. Togo (X kg) ranks second in terms of the total exports with a 19% share, followed by Ghana (8.3%). Nigeria (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to base metal flexible tubing exports from Senegal stood at -4.5%. At the same time, Ghana (+26.9%) and Togo (+6.9%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +26.9% from 2012-2021. By contrast, Nigeria (-32.0%) illustrated a downward trend over the same period. While the share of Togo (+13 p.p.), Senegal (+11 p.p.) and Ghana (+7.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nigeria (-28.9 p.p.) displayed negative dynamics.

In value terms, the largest base metal flexible tubing supplying countries in Western Africa were Senegal ($X), Togo ($X) and Ghana ($X), together accounting for 96% of total exports.

Togo, with a CAGR of +17.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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, shrinking by -9.8% against the previous year. In general, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 when the export price increased by 142% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Togo ($X per ton), while Senegal ($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 (+9.7%), while the other leaders experienced more modest paces of growth.

Imports of Base Metal Flexible Tubing, Iron Or Steel

Imports in Western Africa

In 2021, approx. X tons of base metal flexible tubing, iron or steel were imported in Western Africa; reducing by -23.9% against 2020 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 3,292% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, base metal flexible tubing imports dropped slightly to $X in 2021. Overall, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2017 when imports increased by 3,811%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of base metal flexible tubing imports in 2021 were Nigeria (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons), together finishing at 82% of total import. It was distantly followed by Liberia (X tons), making up a 5.5% share of total imports. The following importers - Benin (X tons) and Guinea (X tons) - together made up 6.5% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported base metal flexible tubing, iron or steel in Western Africa, comprising 43% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 17% share of total imports. It was followed by Ghana, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria was relatively modest. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+2.6% per year) and Ghana (+6.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, jumping by 26% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Benin ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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