Western Africa: Metal Screw Hook Market 2025

Metal Screw Hook Market Size in Western Africa

The West African metal screw hook market rose sharply to $X in 2022, increasing by 7.1% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metal Screw Hook Production in Western Africa

In value terms, metal screw hook production rose rapidly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -8.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 65%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Screw Hook Exports

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of iron or steel screw hooks and screw rings, when their volume decreased by -37.5% to X tons. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 234% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, metal screw hook exports shrank markedly to $X in 2022. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 384%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Burkina Faso (X tons) was the largest exporter of iron or steel screw hooks and screw rings, achieving 70% of total exports. It was distantly followed by Cote d'Ivoire (X tons) and Ghana (X tons), together constituting a 25% share of total exports. Togo (X kg) held a relatively small share of total exports.

Burkina Faso was also the fastest-growing in terms of the iron or steel screw hooks and screw rings exports, with a CAGR of -4.4% from 2012 to 2022. Cote d'Ivoire (-13.9%), Ghana (-18.2%) and Togo (-22.3%) illustrated a downward trend over the same period. Burkina Faso (+37 p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire, Togo and Ghana saw its share reduced by -5.2%, -6.2% and -13.2% from 2012 to 2022, respectively.

In value terms, the largest metal screw hook supplying countries in Western Africa were Burkina Faso ($X), Ghana ($X) and Cote d'Ivoire ($X), together accounting for 86% of total exports.

Burkina Faso, with a CAGR of -8.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by -42.3% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2019 when the export price increased by 96%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+3.9%), while the other leaders experienced a decline in the export price figures.

Metal Screw Hook Imports

Imports in Western Africa

In 2022, overseas purchases of iron or steel screw hooks and screw rings increased by 18% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, metal screw hook imports contracted dramatically to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, Niger (X tons) was the major importer of iron or steel screw hooks and screw rings, constituting 50% of total imports. Nigeria (X tons) held a 27% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (9.3%) and Senegal (4.8%). The following importers - Guinea (X tons), Cote d'Ivoire (X tons) and Mali (X tons) - together made up 7.4% 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 Guinea (with a CAGR of +31.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Niger ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. Cote d'Ivoire, Senegal, Guinea and Mali lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Guinea, with a CAGR of +25.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with a decrease of -63% against the previous year. In general, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2018 when the import price increased by 33% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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