Western Africa: Metal Washer Market 2025

Metal Washer Market Size in Western Africa

The West African metal washer market surged to $X in 2021, with an increase of 20% against the previous year. Overall, consumption posted a perceptible expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Washer Production in Western Africa

In value terms, metal washer production surged to $X in 2021 estimated in export price. Overall, production recorded strong growth. The pace of growth was the most pronounced in 2019 with an increase of 95%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Metal Washer Exports

Exports in Western Africa

In 2021, the amount of iron or steel washers exported in Western Africa declined markedly to X tons, waning by -56.4% against 2020. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 240%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal washer exports contracted markedly to $X in 2021. In general, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 292%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cabo Verde (X kg), Niger (X kg), Nigeria (X kg), Cote d'Ivoire (X kg), Mali (X kg) and Mauritania (X kg) represented roughly 83% of total exports in 2021. It was distantly followed by Ghana (X kg) and Sierra Leone (X kg), together committing a 10% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +47.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Niger ($X), Cote d'Ivoire ($X) and Mali ($X) were the countries with the highest levels of exports in 2021, together accounting for 54% of total exports.

Niger, with a CAGR of +54.6%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, with an increase of 31% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 38% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+8.7%), while the other leaders experienced more modest paces of growth.

Metal Washer Imports

Imports in Western Africa

In 2021, after two years of decline, there was significant growth in overseas purchases of iron or steel washers, when their volume increased by 31% to X tons. Overall, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 234% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, metal washer imports surged to $X in 2021. Over the period under review, imports, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Ghana (X tons) and Nigeria (X tons) were the key importers of iron or steel washers in 2021, accounting for near 29% and 22% of total imports, respectively. It was distantly followed by Mali (X tons), Cote d'Ivoire (X tons), Guinea (X tons), Burkina Faso (X tons) and Senegal (X tons), together creating a 36% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Burkina Faso ($X) were the countries with the highest levels of imports in 2021, with a combined 60% share of total imports. These countries were followed by Mali, Cote d'Ivoire, Senegal and Guinea, which together accounted for a further 28%.

Among the main importing countries, Senegal, with a CAGR of +8.9%, saw 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 2021, the import price in Western Africa amounted to $X per ton, jumping by 16% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal washer import price increased by +41.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 92%. Over the period under review, import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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