Western Africa: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Western Africa

The West African market for hand-operated drilling, threading or tapping tools soared to $X in 2022, increasing by 47% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.6% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Western Africa

In value terms, production of hand-operated drilling, threading or tapping tools rose modestly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 51% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports in Western Africa

In 2022, exports of hand-operated drilling, threading or tapping tools in Western Africa fell to X tons, waning by -6.9% against 2021 figures. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 186% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools surged to $X in 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2013 when exports increased by 135% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Ghana represented the major exporting country with an export of about X tons, which finished at 49% of total exports. Cote d'Ivoire (X kg) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (8.5%), Niger (7.5%) and Togo (5.5%). Liberia (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 Togo (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest hand-operated drilling, threading or tapping tool supplying countries in Western Africa were Togo ($X), Ghana ($X) and Cote d'Ivoire ($X), with a combined 89% share of total exports.

Among the main exporting countries, Togo, with a CAGR of +115.7%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, picking up by 60% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 76%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+34.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports in Western Africa

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were imported in Western Africa; increasing by 96% on the previous year's figure. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of hand-operated drilling, threading or tapping tools surged to $X in 2022. In general, imports showed a measured expansion. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Benin (X tons) and Nigeria (X tons) represented the main importers of hand-operated drilling, threading or tapping tools in 2022, recording near 35% and 26% of total imports, respectively. It was distantly followed by Niger (X tons) and Cote d'Ivoire (X tons), together achieving a 23% share of total imports. Burkina Faso (X tons), Mali (X tons) and Guinea (X tons) held 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 Niger (with a CAGR of +80.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X) constitutes the largest market for imported hand-operated drilling, threading or tapping tools in Western Africa, comprising 45% of total imports. The second position in the ranking was held by Nigeria ($X), with a 20% share of total imports. It was followed by Cote d'Ivoire, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Niger stood at +77.3%. In the other countries, the average annual rates were as follows: Nigeria (+7.8% per year) and Cote d'Ivoire (+0.9% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, waning by -1.7% against the previous year. In general, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 45% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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