Report Western Africa - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Western Africa - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Western Africa

The West African flat-rolled steel products market fell modestly to $X in 2021, approximately equating the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Flat-Rolled Steel Products Production in Western Africa

In value terms, flat-rolled steel products production expanded slightly to $X in 2021 estimated in export price. In general, production, however, saw a perceptible decline. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Flat-Rolled Steel Products Exports

Exports in Western Africa

In 2021, shipments abroad of flat-rolled products of iron or non-alloy steel increased by 60% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 174% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, flat-rolled steel products exports soared to $X in 2021. In general, exports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 250%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) and Nigeria (X tons) prevails in exports structure, together creating 90% of total exports. It was distantly followed by Togo (X tons), achieving an 8.3% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +4.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X), Ghana ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of +10.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, growing by 8.6% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat-rolled steel products export price decreased by -26.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+10.9%), while the other leaders experienced mixed trends in the export price figures.

Flat-Rolled Steel Products Imports

Imports in Western Africa

In 2021, flat-rolled steel products imports in Western Africa reduced markedly to X tons, waning by -18.4% on the previous year's figure. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 162%. Over the period under review, imports hit record highs at X tons in 2020, and then declined significantly in the following year.

In value terms, flat-rolled steel products imports dropped to $X in 2021. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 114%. Over the period under review, imports reached the maximum at $X in 2020, and then dropped in the following year.

Imports by Country

Nigeria was the key importer of flat-rolled products of iron or non-alloy steel in Western Africa, with the volume of imports finishing at X tons, which was near 60% of total imports in 2021. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a 19% share, followed by Ghana (17%). Togo (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the flat-rolled products of iron or non-alloy steel imports, with a CAGR of +12.3% from 2012 to 2021. At the same time, Cote d'Ivoire (+7.8%), Ghana (+5.8%) and Togo (+1.3%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported flat-rolled products of iron or non-alloy steel in Western Africa, comprising 65% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 17% share of total imports. It was followed by Ghana, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +13.7%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+7.0% per year) and Ghana (+4.4% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, rising by 9.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Nigeria ($X per ton) and Cote d'Ivoire ($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 (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of flat-rolled steel products consumption in 2020 were Mali, Benin and Guinea, together comprising 62% of total consumption. Nigeria, Mauritania, Liberia and Ghana lagged somewhat behind, together comprising a further 35%.
The countries with the highest volumes of flat-rolled steel products production in 2020 were Mali, Benin and Guinea, together comprising 76% of total production.
In value terms, Benin remains the largest flat-rolled steel products supplier in Western Africa, comprising 69% of total exports. The second position in the ranking was occupied by Ghana, with a 26% share of total exports.
In value terms, Nigeria constitutes the largest market for imported flat-rolled products of iron or non-alloy steel in Western Africa, comprising 74% of total imports. The second position in the ranking was occupied by Ghana, with a 10% share of total imports. It was followed by Cote d'Ivoire, with a 6.2% share.
In 2020, the flat-rolled steel products export price in Western Africa amounted to $950 per ton, waning by -22.9% against the previous year.
In 2020, the flat-rolled steel products import price in Western Africa amounted to $1,414 per ton, increasing by 13% against the previous year.

This report provides an in-depth analysis of the flat-rolled steel products market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
  • Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire
  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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