Western Africa: Market for Containers for compressed or liquefied gas, of iron or steel 2024

Exports of Containers for compressed or liquefied gas, of iron or steel

Exports in Western Africa

In 2023, approx. X units of containers for compressed or liquefied gas, of iron or steel were exported in Western Africa; surging by X% compared with the year before. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel declined to $X in 2023. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire prevails in steel structure, reaching X units, which was near X% of total exports in 2023. It was distantly followed by Senegal (X units), generating a X% share of total exports. The following exporters - Ghana (X units), Burkina Faso (X units), Togo (X units) and Benin (X units) - together made up X% of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Benin (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. Togo experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%), Senegal (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire, Benin and Togo increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest containers for compressed or liquefied gas, of iron or steel supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

In Cote d'Ivoire, exports of containers for compressed or liquefied gas, of iron or steel shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, dropping by X% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.

Imports of Containers for compressed or liquefied gas, of iron or steel

Imports in Western Africa

In 2023, approx. X units of containers for compressed or liquefied gas, of iron or steel were imported in Western Africa; reducing by X% on 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel contracted to $X in 2023. Total imports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of imports of containers for compressed or liquefied gas, of iron or steel in 2023 were Cote d'Ivoire (X units), Nigeria (X units), Burkina Faso (X units) and Senegal (X units), together recording X% of total import. It was distantly followed by Benin (X units), committing a X% share of total imports. The following importers - Niger (X units) and Ghana (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Western Africa stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2022, and then reduced in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform