Western Africa: Market for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) 2025

Market Size for Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Western Africa

The West African market for tubes, pipes and hollow profiles (of iron or steel) expanded rapidly to $X in 2021, picking up by 5.7% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel) in Western Africa

In value terms, production of tubes, pipes and hollow profiles (of iron or steel) surged to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 39%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Exports in Western Africa

In 2021, the amount of tubes, pipes and hollow profiles (of iron or steel) exported in Western Africa expanded remarkably to X tons, with an increase of 5.8% on 2020 figures. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +48.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, the exports of reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of tubes, pipes and hollow profiles (of iron or steel) rose significantly to $X in 2021. Total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 44%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Ghana (X tons) and Senegal (X tons) dominates steel) structure, together comprising 82% of total exports. It was distantly followed by Nigeria (X tons) and Togo (X tons), together achieving a 13% share of total exports. Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of +35.7%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Ghana ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 85% of total exports.

Nigeria, with a CAGR of +36.7%, 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 more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, picking up by 4.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 27%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 Nigeria ($X per ton), while Ghana ($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 (+3.1%), while the other leaders experienced more modest paces of growth.

Imports of Tubes, Pipes And Hollow Profiles (Of Iron Or Steel)

Imports in Western Africa

In 2021, after four years of growth, there was significant decline in supplies from abroad of tubes, pipes and hollow profiles (of iron or steel), when their volume decreased by -5.7% to X tons. Total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.4% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 23%. Over the period under review, imports of hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, imports of tubes, pipes and hollow profiles (of iron or steel) expanded significantly to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.6% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Nigeria (X tons), distantly followed by Ghana (X tons), Cote d'Ivoire (X tons), Senegal (X tons), Niger (X tons), Burkina Faso (X tons) and Guinea (X tons) were the major importers of tubes, pipes and hollow profiles (of iron or steel), together creating 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported tubes, pipes and hollow profiles (of iron or steel) in Western Africa, comprising 38% of total imports. The second position in the ranking was taken by Ghana ($X), with a 17% share of total imports. It was followed by Senegal, with a 10% share.

In Nigeria, imports of tubes, pipes and hollow profiles (of iron or steel) decreased by an average annual rate of -2.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-0.2% per year) and Senegal (+21.3% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, jumping by 16% against the previous year. In general, the import price, however, recorded a noticeable slump. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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