Western Africa: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Western Africa

After two years of growth, the West African metal-reinforced rubber hose market decreased by -4% to $X in 2022. Over the period under review, consumption continues to indicate prominent growth. Over the period under review, the market reached the peak level at $X in 2021, and then reduced in the following year.

Metal-Reinforced Rubber Hose Production in Western Africa

In value terms, metal-reinforced rubber hose production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 166%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Metal-Reinforced Rubber Hose Exports

Exports in Western Africa

After two years of decline, overseas shipments of rubber hose reinforced with metal increased by 18% to X tons in 2022. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 530% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, metal-reinforced rubber hose exports rose significantly to $X in 2022. Overall, exports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2013 when exports increased by 320% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) and Ghana (X tons) represented roughly 57% of total exports in 2022. Mali (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (8.7%) and Senegal (7%). The following exporters - Burkina Faso (X kg) and Niger (X kg) - each reached a 6.2% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +22.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, with a combined 58% share of total exports. Mali, Sierra Leone, Niger and Burkina Faso lagged somewhat behind, together comprising a further 34%.

Niger, with a CAGR of +28.5%, saw the highest growth rate of the value of exports, in terms of 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 2022, falling by -9.1% against the previous year. Over the period under review, the export price showed a slight contraction. The pace of growth was the most pronounced in 2015 when the export price increased by 153%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+4.7%), while the other leaders experienced more modest paces of growth.

Metal-Reinforced Rubber Hose Imports

Imports in Western Africa

For the seventh consecutive year, Western Africa recorded growth in purchases abroad of rubber hose reinforced with metal, which increased by 6.6% to X tons in 2022. In general, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 141%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, metal-reinforced rubber hose imports dropped to $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Ghana was the main importing country with an import of around X tons, which recorded 57% of total imports. Nigeria (X tons) ranks second in terms of the total imports with an 18% share, followed by Cote d'Ivoire (7.4%). The following importers - Guinea (X tons), Mali (X tons), Mauritania (X tons) and Benin (X tons) - together made up 11% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal-reinforced rubber hose imports into Ghana stood at +24.5%. At the same time, Benin (+28.7%), Cote d'Ivoire (+20.8%), Guinea (+18.5%), Nigeria (+18.1%), Mali (+12.8%) and Mauritania (+5.4%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +28.7% from 2012-2022. From 2012 to 2022, the share of Ghana increased by +22 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported rubber hose reinforced with metal in Western Africa, comprising 38% of total imports. The second position in the ranking was held by Mali ($X), with a 13% share of total imports. It was followed by Cote d'Ivoire, with an 11% share.

In Ghana, metal-reinforced rubber hose imports increased at an average annual rate of +11.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (+20.9% per year) and Cote d'Ivoire (+13.7% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, reducing by -12.4% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 54%. The level of import peaked at $X per ton in 2012; however, from 2013 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 Mali ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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