Western Africa: Market for Rubber-to-Metal and Moulded Articles 2025

Exports of Rubber-to-Metal and Moulded Articles

Exports in Western Africa

In 2021, the amount of rubber-to-metal and moulded articles exported in Western Africa shrank dramatically to X tons, which is down by -66.9% against the year before. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, rubber-to-metal and moulded article exports fell dramatically to $X in 2021. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 60%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the major exporter of rubber-to-metal and moulded articles in Western Africa, with the volume of exports amounting to X tons, which was near 40% of total exports in 2021. Niger (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (13%), Ghana (11%) and Cote d'Ivoire (4.6%). The following exporters - Togo (X kg) and Mauritania (X kg) - each reached a 4.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mauritania (with a CAGR of +53.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article supplying countries in Western Africa were Nigeria ($X), Niger ($X) and Ghana ($X), with a combined 59% share of total exports. These countries were followed by Sierra Leone, Mauritania, Cote d'Ivoire and Togo, which together accounted for a further 31%.

In terms of the main exporting countries, Mauritania, with a CAGR of +57.1%, saw the highest growth rate of the value of exports, 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, jumping by 40% against the previous year. Overall, the export price showed a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 93%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

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 Mauritania ($X per ton), while Nigeria ($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 (+9.8%), while the other leaders experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports in Western Africa

In 2021, purchases abroad of rubber-to-metal and moulded articles increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 59%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, rubber-to-metal and moulded article imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 55%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Ghana represented the key importing country with an import of about X tons, which recorded 42% of total imports. Nigeria (X tons) took the second position in the ranking, distantly followed by Sierra Leone (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Guinea (X tons). All these countries together took near 46% share of total imports. Liberia (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to rubber-to-metal and moulded article imports into Ghana stood at +9.2%. At the same time, Sierra Leone (+28.8%), Senegal (+6.6%) and Liberia (+3.3%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +28.8% from 2012-2021. By contrast, Guinea (-2.5%), Cote d'Ivoire (-4.6%) and Nigeria (-9.8%) illustrated a downward trend over the same period. Ghana (+23 p.p.), Sierra Leone (+7.1 p.p.) and Senegal (+3 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Nigeria saw its share reduced by -3.7% and -30.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rubber-to-metal and moulded article importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising 58% of total imports. These countries were followed by Senegal, Guinea, Liberia and Sierra Leone, which together accounted for a further 24%.

Liberia, with a CAGR of +18.0%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in Western Africa amounted to $X per ton, rising by 3.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 19% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Liberia ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :