Western Africa: Market for Iron Or Steel Doors, Thresholds For Doors And Windows 2024

Market Size for Iron Or Steel Doors, Thresholds For Doors And Windows in Western Africa

In 2022, the West African market for iron or steel doors, thresholds for doors and windows decreased by -8.4% to $X, falling for the second year in a row after three years of growth. Overall, consumption showed a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Doors, Thresholds For Doors And Windows in Western Africa

In value terms, production of iron or steel doors, thresholds for doors and windows declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 169%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Iron Or Steel Doors, Thresholds For Doors And Windows

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel doors, thresholds for doors and windows, when their volume decreased by -12% to X units. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 126%. The volume of export peaked at X units in 2021, and then declined in the following year.

In value terms, exports of iron or steel doors, thresholds for doors and windows contracted to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 51%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Ghana dominates windows structure, accounting for X units, which was approx. 86% of total exports in 2022. It was distantly followed by Togo (X units), achieving a 4.6% share of total exports. Senegal (X units) and Nigeria (X units) took a relatively small share of total exports.

Ghana was also the fastest-growing in terms of the iron or steel doors, thresholds for doors and windows exports, with a CAGR of +73.9% from 2012 to 2022. At the same time, Togo (+15.5%) and Senegal (+13.7%) displayed positive paces of growth. By contrast, Nigeria (-14.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana increased by +84 percentage points.

In value terms, Ghana ($X) remains the largest iron or steel window and door supplier in Western Africa, comprising 74% of total exports. The second position in the ranking was held by Senegal ($X), with a 6.8% share of total exports. It was followed by Togo, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at +72.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+13.5% per year) and Togo (+17.0% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, surging by 7.5% against the previous year. Over the period under review, the export price, however, faced a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 59%. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Doors, Thresholds For Doors And Windows

Imports in Western Africa

In 2022, overseas purchases of iron or steel doors, thresholds for doors and windows decreased by -20.7% to X units, falling for the second consecutive year after four years of growth. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of iron or steel doors, thresholds for doors and windows fell slightly to $X in 2022. In general, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X units) and Nigeria (X units) dominates windows structure, together generating 77% of total imports. It was distantly followed by Togo (X units), comprising a 7.2% share of total imports. Mauritania (X units), Senegal (X units) and Cote d'Ivoire (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 73% of total imports.

Togo, with a CAGR of +105.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, increasing by 25% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or steel doors, thresholds for doors and windows increased by +81.0% against 2019 indices. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :