Western Africa: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Western Africa

The West African chain scoops and sliders market amounted to $X in 2022, with an increase of 2.4% against the previous year. Over the period under review, consumption, however, saw moderate growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Western Africa

In value terms, chain scoops and sliders production rose to $X in 2022 estimated in export price. Overall, production saw a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports in Western Africa

In 2022, overseas shipments of chain scoops, sliders, runners, end pieces and narrow strips decreased by -8.5% to X kg, falling for the second year in a row after six years of growth. Overall, exports, however, posted buoyant growth. The growth pace was the most rapid in 2019 when exports increased by 127% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, chain scoops and sliders exports rose notably to $X in 2022. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 78% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X kg) was the major exporter of chain scoops, sliders, runners, end pieces and narrow strips, making up 49% of total exports. Nigeria (X kg) held a 31% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (18%). Togo (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of +35.2%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Sierra Leone ($X) were the countries with the highest levels of exports in 2022, together comprising 96% of total exports.

Among the main exporting countries, Nigeria, with a CAGR of +37.1%, recorded 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 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Togo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+14.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports in Western Africa

In 2022, purchases abroad of chain scoops, sliders, runners, end pieces and narrow strips decreased by -4.4% to X tons, falling for the third year in a row after two years of growth. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chain scoops and sliders imports reached $X in 2022. Overall, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 with an increase of 23%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of chain scoops and sliders imports in 2022 were Nigeria (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons), together accounting for 94% of total import. Mauritania (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mauritania (with a CAGR of +24.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, with a combined 75% share of total imports. Senegal and Mauritania lagged somewhat behind, together comprising a further 20%.

Among the main importing countries, Senegal, with a CAGR of +17.8%, recorded 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 2022, increasing by 11% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders import price increased by +66.9% against 2019 indices. The growth pace was the most rapid in 2014 when the import price increased by 42%. 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mauritania ($X per ton), while Ghana ($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 (+8.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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