Western Africa: Metal Hammer Market 2025

Metal Hammer Market Size in Western Africa

In 2022, the West African metal hammer market decreased by -15.5% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a mild decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Metal Hammer Production in Western Africa

In value terms, metal hammer production reached $X in 2022 estimated in export price. In general, production posted noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of 127%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Metal Hammer Exports

Exports in Western Africa

After two years of growth, overseas shipments of hammers and sledge hammers with working part of metal decreased by -10.1% to X tons in 2022. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 477% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal hammer exports fell modestly to $X in 2022. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 80%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Liberia (X tons), distantly followed by Burkina Faso (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Benin (X tons) and Nigeria (X tons) represented the largest exporters of hammers and sledge hammers with working part of metal, together making up 97% of total exports.

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 +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, with a combined 70% share of total exports. Nigeria, Burkina Faso and Benin lagged somewhat behind, together comprising a further 21%.

Nigeria, with a CAGR of +28.7%, saw the highest growth rate of the value of exports, among 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 2022, surging by 7.4% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 359%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($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 (+7.4%), while the other leaders experienced a decline in the export price figures.

Metal Hammer Imports

Imports in Western Africa

In 2022, overseas purchases of hammers and sledge hammers with working part of metal decreased by -18.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2019 when imports increased by 48% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal hammer imports fell to $X in 2022. Overall, imports showed a mild contraction. The pace of growth was the most pronounced in 2019 when imports increased by 46% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Senegal (X tons), distantly followed by Ghana (X tons), Nigeria (X tons), Cote d'Ivoire (X tons), Mali (X tons) and Guinea (X tons) were the key importers of hammers and sledge hammers with working part of metal, together committing 87% of total imports. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of +27.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported hammers and sledge hammers with working part of metal in Western Africa, comprising 35% of total imports. The second position in the ranking was taken by Nigeria ($X), with an 11% share of total imports. It was followed by Senegal, with an 11% share.

In Ghana, metal hammer imports expanded at an average annual rate of +10.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (-16.9% per year) and Senegal (+12.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, growing by 4.7% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hammer import price increased by +58.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 51% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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