Western Africa: Metal Rivet Market 2024

Metal Rivet Market Size in Western Africa

The West African metal rivet market expanded remarkably to $X in 2023, rising by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Metal Rivet Production in Western Africa

In value terms, metal rivet production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Metal Rivet Exports

Exports in Western Africa

Metal rivet exports reduced markedly to X tons in 2023, falling by X% compared with 2022 figures. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, metal rivet exports shrank remarkably to $X in 2023. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

In 2023, Togo (X kg), Ghana (X kg) and Cote d'Ivoire (X kg) represented the major exporter of iron or steel rivets in Western Africa, generating X% of total export. It was distantly followed by Nigeria (X kg) and Niger (X kg), together comprising a X% share of total exports. Mauritania (X kg) followed a long way behind the leaders.

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

In value terms, the largest metal rivet supplying countries in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Niger ($X), together accounting for X% of total exports. Mauritania, Togo and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Togo, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 2023, jumping by X% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

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

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

Metal Rivet Imports

Imports in Western Africa

Metal rivet imports shrank to X tons in 2023, reducing by X% compared with the previous year. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, metal rivet imports plummeted to $X in 2023. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Ghana was the key importer of iron or steel rivets in Western Africa, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Nigeria (X tons), Cote d'Ivoire (X tons), Burkina Faso (X tons) and Guinea (X tons), together achieving a X% share of total imports. The following importers - Mauritania (X tons) and Benin (X tons) - each recorded a X% share of total imports.

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

In value terms, the largest metal rivet importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Guinea ($X), with a combined X% share of total imports. Burkina Faso, Cote d'Ivoire, Mauritania and Benin lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Benin, with a CAGR of X%, recorded 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

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, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices stood 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 Guinea ($X per ton), while Cote d'Ivoire ($X per ton) 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 mixed trends in the import price figures.

Source: IndexBox Platform