Western Africa: Copper Screw Market 2025

Copper Screw Market Size in Western Africa

The West African copper screw market expanded sharply to $X in 2021, increasing by 10% against the previous year. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.6% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Copper Screw Production in Western Africa

In value terms, copper screw production rose rapidly to $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Copper Screw Exports

Exports in Western Africa

In 2021, shipments abroad of copper screws, bolts and nuts decreased by -45.4% to X kg, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp slump. The pace of growth was the most pronounced in 2014 when exports increased by 213%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, copper screw exports soared to $X in 2021. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2014 with an increase of 162% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana was the largest exporter of copper screws, bolts and nuts in Western Africa, with the volume of exports reaching X kg, which was near 61% of total exports in 2021. Togo (X kg) took the second position in the ranking, followed by Nigeria (X kg) and Senegal (X kg). All these countries together took approx. 31% share of total exports. Cote d'Ivoire (X kg) and Niger (X kg) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper screw exports from Ghana stood at -27.6%. At the same time, Togo (+22.1%) and Niger (+4.4%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +22.1% from 2012-2021. By contrast, Cote d'Ivoire (-2.9%), Senegal (-2.9%) and Nigeria (-24.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Togo, Senegal, Cote d'Ivoire, Niger and Nigeria increased by +14, +6.5, +3.9, +2.4 and +1.7 percentage points, respectively.

In value terms, Ghana ($X) emerged as the largest copper screw supplier in Western Africa, comprising 72% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 13% share of total exports. It was followed by Togo, with an 8.2% share.

In Ghana, copper screw exports decreased by an average annual rate of -22.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (-23.9% per year) and Togo (+30.5% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, with an increase of 154% against the previous year. Overall, the export price continues to indicate a prominent expansion. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+14.4%), while the other leaders experienced more modest paces of growth.

Copper Screw Imports

Imports in Western Africa

In 2021, the amount of copper screws, bolts and nuts imported in Western Africa surged to X tons, rising by 257% compared with 2020. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 873% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, copper screw imports skyrocketed to $X in 2021. Over the period under review, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 500%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, reaching X tons, which was approx. 81% of total imports in 2021. Senegal (X tons) took a 6.7% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (5.9%). Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to copper screw imports into Nigeria stood at +20.3%. At the same time, Senegal (+72.7%), Sierra Leone (+27.6%) and Ghana (+18.2%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +72.7% from 2012-2021. Nigeria (+18 p.p.) and Senegal (+6.5 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported copper screws, bolts and nuts in Western Africa, comprising 45% of total imports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total imports. It was followed by Ghana, with an 11% share.

In Nigeria, copper screw imports increased at an average annual rate of +9.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+50.8% per year) and Ghana (+2.8% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, shrinking by -55.2% against the previous year. Overall, the import price saw a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 309%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (-4.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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