Western Africa: Hand Saw Market 2024

Hand Saw Market Size in Western Africa

The West African hand saw market contracted modestly to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption showed a slight increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Hand Saw Production in Western Africa

In value terms, hand saw production dropped notably to $X in 2023 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Hand Saw Exports

Exports in Western Africa

After six years of decline, overseas shipments of hand saws increased by X% to X tons in 2023. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, hand saw exports surged to $X in 2023. In general, exports, however, recorded a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Liberia (X kg) was the major exporter of hand saws, mixing up X% of total exports. It was distantly followed by Sierra Leone (X kg), Nigeria (X kg), Cote d'Ivoire (X kg) and Togo (X kg), together making up a X% share of total exports. Senegal (X kg) and Cabo Verde (X kg) followed a long way behind the leaders.

Exports from Liberia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Sierra Leone (X%), Cote d'Ivoire (X%), Togo (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) and Senegal (X%) illustrated a downward trend over the same period. While the share of Liberia (X p.p.), Sierra Leone (X p.p.), Cote d'Ivoire (X p.p.) and Togo (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Senegal (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) remains the largest hand saw supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total exports. It was followed by Sierra Leone, with a X% share.

In Liberia, hand saw exports contracted by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

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 Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Hand Saw Imports

Imports in Western Africa

In 2023, approx. X tons of hand saws were imported in Western Africa; surging by X% compared with the previous year. Overall, imports continue to indicate mild growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, hand saw imports fell remarkably to $X in 2023. Over the period under review, imports continue to indicate a modest expansion. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

Togo was the main importer of hand saws in Western Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Senegal (X%), Cote d'Ivoire (X%) and Guinea (X%). Liberia (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hand saw importing markets in Western Africa were Senegal ($X), Cote d'Ivoire ($X) and Guinea ($X), with a combined X% share of total imports. Nigeria, Togo, Liberia and Ghana lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Togo, 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 ton in 2023, with a decrease of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Senegal ($X per ton), while Togo ($X per ton) 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.

Source: IndexBox Platform