Western Africa: Market for Iron Or Steel Towers And Lattice Masts 2025

Market Size for Iron Or Steel Towers And Lattice Masts in Western Africa

In 2021, after two years of growth, there was significant decline in the West African iron or steel towers market, when its value decreased by -25.1% to $X. Overall, consumption showed a mild slump. The level of consumption peaked at $X in 2020, and then contracted remarkably in the following year.

Production of Iron Or Steel Towers And Lattice Masts in Western Africa

In value terms, iron or steel towers production dropped notably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 863%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Iron Or Steel Towers And Lattice Masts

Exports in Western Africa

In 2021, overseas shipments of iron or steel towers and lattice masts decreased by -14% to X tons, falling for the sixth consecutive year after two years of growth. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 150%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, iron or steel towers exports shrank significantly to $X in 2021. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 113%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Burkina Faso (X tons) and Mauritania (X tons) were the major exporters of iron or steel towers and lattice masts in Western Africa, together comprising 66% of total exports. Nigeria (X tons) ranks next in terms of the total exports with a 16% share, followed by Cote d'Ivoire (8.4%). The following exporters - Ghana (X tons) and Senegal (X tons) - together made up 6.6% of total exports.

From 2012 to 2021, the biggest increases were recorded for Mauritania (with a CAGR of +27.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest iron or steel towers supplying countries in Western Africa were Burkina Faso ($X), Mauritania ($X) and Cote d'Ivoire ($X), together comprising 81% of total exports.

In terms of the main exporting countries, Mauritania, with a CAGR of +35.6%, saw 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 2021, waning by -12.3% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2019 when the export price increased by 8%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+6.4%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Towers And Lattice Masts

Imports in Western Africa

After four years of growth, overseas purchases of iron or steel towers and lattice masts decreased by -19.6% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 43% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined rapidly in the following year.

In value terms, iron or steel towers imports contracted significantly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. The level of import peaked at $X in 2020, and then reduced remarkably in the following year.

Imports by Country

In 2021, Nigeria (X tons) was the main importer of iron or steel towers and lattice masts, creating 28% of total imports. Ghana (X tons) held the second position in the ranking, followed by Guinea (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Mali (X tons). All these countries together held near 48% share of total imports. Mauritania (X tons), Benin (X tons), Sierra Leone (X tons), Burkina Faso (X tons), Togo (X tons), Gambia (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron or steel towers imports into Nigeria stood at -7.2%. At the same time, Senegal (+25.2%), Cote d'Ivoire (+23.8%), Sierra Leone (+19.1%), Guinea (+18.7%), Benin (+16.6%), Mauritania (+14.5%), Mali (+6.0%), Gambia (+4.5%) and Togo (+3.6%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +25.2% from 2012-2021. By contrast, Niger (-1.9%), Ghana (-4.6%) and Burkina Faso (-6.4%) illustrated a downward trend over the same period. Guinea (+9.5 p.p.), Senegal (+8.6 p.p.), Cote d'Ivoire (+6.1 p.p.), Benin (+3.1 p.p.), Mauritania (+3 p.p.), Sierra Leone (+2.7 p.p.) and Mali (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso, Ghana and Nigeria saw its share reduced by -2.5%, -6.9% and -28% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported iron or steel towers and lattice masts in Western Africa, comprising 30% of total imports. The second position in the ranking was taken by Senegal ($X), with a 14% share of total imports. It was followed by Guinea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at -6.1%. In the other countries, the average annual rates were as follows: Senegal (+22.1% per year) and Guinea (+10.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 8.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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