Western Africa: Hot-Dipped Metal-Coated Sheet Market 2025

Hot-Dipped Metal-Coated Sheet Market Size in Western Africa

After three years of decline, the West African hot-dipped metal-coated sheet market increased by 15% to $X in 2021. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Hot-Dipped Metal-Coated Sheet Production in Western Africa

In value terms, hot-dipped metal-coated sheet production totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Hot-Dipped Metal-Coated Sheet Exports

Exports in Western Africa

After three years of decline, shipments abroad of hot-dipped metal-coated sheet increased by 6.8% to X tons in 2021. Over the period under review, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 18%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of 22%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Senegal (X tons), distantly followed by Ghana (X tons), Benin (X tons), Togo (X tons) and Burkina Faso (X tons) represented the largest exporters of hot-dipped metal-coated sheet, together constituting 89% of total exports. The following exporters - Cote d'Ivoire (X tons) and Mali (X tons) - each resulted at an 8% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +20.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest hot-dipped metal-coated sheet supplier in Western Africa, comprising 37% of total exports. The second position in the ranking was taken by Benin ($X), with a 17% share of total exports. It was followed by Ghana, with a 16% share.

In Senegal, hot-dipped metal-coated sheet exports declined by an average annual rate of -1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Benin (+17.1% per year) and Ghana (+15.2% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, continues to indicate a pronounced shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Cote d'Ivoire ($X per ton) and Senegal ($X per ton), while Ghana ($X per ton) and Benin ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (-0.9%), while the other leaders experienced a decline in the export price figures.

Hot-Dipped Metal-Coated Sheet Imports

Imports in Western Africa

Hot-dipped metal-coated sheet imports expanded remarkably to X tons in 2021, with an increase of 5.3% on the year before. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 19%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, hot-dipped metal-coated sheet imports soared to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ghana was the major importer of hot-dipped metal-coated sheet in Western Africa, with the volume of imports recording X tons, which was approx. 43% of total imports in 2021. Cote d'Ivoire (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (7.2%), Burkina Faso (6.9%), Nigeria (6.7%) and Senegal (4.6%). Mali (X tons) held a little share of total imports.

Imports into Ghana increased at an average annual rate of +7.1% from 2012 to 2021. At the same time, Nigeria (+17.7%), Cote d'Ivoire (+7.9%) and Guinea (+2.4%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +17.7% from 2012-2021. Senegal and Mali experienced a relatively flat trend pattern. By contrast, Burkina Faso (-1.0%) illustrated a downward trend over the same period. While the share of Ghana (+9.4 p.p.), Cote d'Ivoire (+4.6 p.p.) and Nigeria (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Senegal (-1.6 p.p.) and Burkina Faso (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported hot-dipped metal-coated sheet in Western Africa, comprising 49% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 19% share of total imports. It was followed by Guinea, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value in Ghana totaled +7.3%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+6.9% per year) and Guinea (+2.2% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, growing by 36% against the previous year. In general, the import price, however, recorded a mild downturn. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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