
Western Africa - Welded and Cold-Formed Sections of Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Market for Welded And Cold-Formed Sections Of Steel 2025
Market Size for Welded And Cold-Formed Sections Of Steel in Western Africa
The West African market for welded and cold-formed sections of steel was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed noticeable growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
Production of Welded And Cold-Formed Sections Of Steel in Western Africa
In value terms, welded and cold-formed steel sections production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 150%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.
Exports of Welded And Cold-Formed Sections Of Steel
Exports in Western Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of welded and cold-formed sections of steel, when their volume decreased by -12.1% to X tons. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2015 when exports increased by 325% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, welded and cold-formed steel sections exports reached $X in 2022. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 423% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.
Exports by Country
Senegal represented the largest exporting country with an export of about X tons, which finished at 83% of total exports. It was distantly followed by Cote d'Ivoire (X tons), constituting a 15% share of total exports. Togo (X tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to welded and cold-formed steel sections exports from Senegal stood at +21.7%. At the same time, Cote d'Ivoire (+44.8%) and Togo (+3.6%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +44.8% from 2012-2022. While the share of Senegal (+64 p.p.) and Cote d'Ivoire (+14 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Cote d'Ivoire ($X) remains the largest welded and cold-formed steel sections supplier in Western Africa, comprising 83% of total exports. The second position in the ranking was taken by Senegal ($X), with a 15% share of total exports.
From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled +65.3%. In the other countries, the average annual rates were as follows: Senegal (-3.4% per year) and Togo (+1.0% per year).
Export Prices by Country
In 2022, the export price in Western Africa amounted to $X per ton, surging by 16% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 72%. Over the period under review, the export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+14.2%), while the other leaders experienced a decline in the export price figures.
Imports of Welded And Cold-Formed Sections Of Steel
Imports in Western Africa
For the third year in a row, Western Africa recorded growth in overseas purchases of welded and cold-formed sections of steel, which increased by 186% to X tons in 2022. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 358%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.
In value terms, welded and cold-formed steel sections imports soared to $X in 2022. Over the period under review, imports showed a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 262% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.
Imports by Country
Nigeria dominates imports structure, recording X tons, which was approx. 88% of total imports in 2022. The following importers - Cote d'Ivoire (X tons), Ghana (X tons), Cabo Verde (X tons) and Saint Helena, Ascension and Tristan da Cunha (X tons) - together made up 8.5% of total imports.
Nigeria was also the fastest-growing in terms of the welded and cold-formed sections of steel imports, with a CAGR of +32.5% from 2012 to 2022. At the same time, Cote d'Ivoire (+28.8%) and Cabo Verde (+2.8%) displayed positive paces of growth. By contrast, Saint Helena, Ascension and Tristan da Cunha (-8.0%) and Ghana (-16.1%) illustrated a downward trend over the same period. While the share of Nigeria (+68 p.p.) and Cote d'Ivoire (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (-3.5 p.p.), Saint Helena, Ascension and Tristan da Cunha (-11.7 p.p.) and Ghana (-48.5 p.p.) displayed negative dynamics.
In value terms, the largest welded and cold-formed steel sections importing markets in Western Africa were Nigeria ($X), Saint Helena, Ascension and Tristan da Cunha ($X) and Ghana ($X), with a combined 80% share of total imports. Cote d'Ivoire and Cabo Verde lagged somewhat behind, together accounting for a further 11%.
Among the main importing countries, Cote d'Ivoire, with a CAGR of +25.9%, 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 2022, the import price in Western Africa amounted to $X per ton, declining by -44.8% against the previous year. Overall, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2019 an increase of 62% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saint Helena, Ascension and Tristan da Cunha ($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 Saint Helena, Ascension and Tristan da Cunha (+10.5%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for welded and cold-formed steel sections in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24107420 - Welded and cold-formed sections (of steel)
- Prodcom 2410T260 - Welded sections
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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