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Western Africa - Nails, Tacks, Staples, Screws and Bolts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Nail And Bolt Market 2024
Nail And Bolt Market Size in Western Africa
In 2022, after two years of growth, there was decline in the West African nail and bolt market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then declined in the following year.
Nail And Bolt Production in Western Africa
In value terms, nail and bolt production rose modestly to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.
Nail And Bolt Exports
Exports in Western Africa
In 2022, approx. X tons of nails, tacks, staples, screws and bolts were exported in Western Africa; rising by X% on the year before. Over the period under review, exports, however, saw a mild setback. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.
In value terms, nail and bolt exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Cote d'Ivoire represented the key exporter of nails, tacks, staples, screws and bolts in Western Africa, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Benin (X tons) took the second position in the ranking, distantly followed by Ghana (X tons) and Togo (X tons). All these countries together held near X% share of total exports. Burkina Faso (X tons) followed a long way behind the leaders.
Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Burkina Faso (X%) and Benin (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. Benin (X p.p.), Ghana (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire and Togo saw its share reduced by X% and X% from 2012 to 2022, respectively.
In value terms, Cote d'Ivoire ($X), Benin ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Burkina Faso and Ghana lagged somewhat behind, together accounting for a further X%.
Among the main exporting countries, Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.
Export Prices by Country
The export price in Western Africa stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Ghana ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced mixed trends in the export price figures.
Nail And Bolt Imports
Imports in Western Africa
In 2022, purchases abroad of nails, tacks, staples, screws and bolts increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.
In value terms, nail and bolt imports fell to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.
Imports by Country
Ghana (X tons) and Nigeria (X tons) represented the largest importers of nails, tacks, staples, screws and bolts in 2022, resulting at approx. X% and X% of total imports, respectively. Burkina Faso (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Cote d'Ivoire (X%), Sierra Leone (X%) and Guinea (X%). The following importers - Liberia (X tons), Benin (X tons), Togo (X tons), Mali (X tons), Gambia (X tons) and Niger (X tons) - together made up X% of total imports.
From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest nail and bolt importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Senegal, Guinea, Burkina Faso, Liberia, Sierra Leone, Mali, Togo, Niger, Benin and Gambia lagged somewhat behind, together comprising a further X%.
Among 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 2022, dropping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Liberia (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the nail and bolt market 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 25931410 -
- Prodcom 25931480 -
- Prodcom 25941113 - Screws, turned from bars, rods, profiles, or wire, of a shank thickness . 6 mm
- Prodcom 25941115 - Other screws and bolts for fixing railway truck construction material, iron or steel
- Prodcom 25941117 - Screws and bolts without heads in steel
- Prodcom 25941123 - Slotted and cross-recessed screws of stainless steel
- Prodcom 25941125 - Other screws and bolts with heads
- Prodcom 25941127 - Hexagon socket head screws of stainless steel
- Prodcom 25941129 - Other hexagon socket head screws
- Prodcom 25941131 - Stainless steel hexagon bolts with heads
- Prodcom 25941133 - Iron or steel hexagon bolts with heads, with a tensile strength < .800 MPa (excluding of stainless steel)
- Prodcom 25941135 - Iron or steel hexagon bolts with heads, with a tensile strength. .800 MPa (excluding of stainless steel)
- Prodcom 25941139 - Iron or steel bolts with heads (excluding hexagon bolts)
- Prodcom 25941153 - Iron or steel wood screws
- Prodcom 25941157 - Iron or steel screw hooks and screw rings
- Prodcom 25941173 - Stainless steel self-tapping screws (excluding threaded mechanisms used to transmit motion, or to act as an active machinery part)
- Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)
- Prodcom 25941183 - Iron or steel nuts turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm
- Prodcom 25941185 - Stainless steel nuts (excluding those turned from bars, rods, p rofiles, or wire, of solid section, of a hole diameter . 6 mm)
- Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
- Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel
- Prodcom 25941210 - Iron or steel spring washers and other lock washers
- Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
- Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)
- Prodcom 25941270 - Iron or steel cotters and cotter-pins and similar non-threaded articles (excluding washers, rivets)
- Prodcom 25941310 - Washers, rivets, cotters, cotter pins and the like, not threaded, of copper
- Prodcom 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)
- Prodcom 25941370 - Threaded articles of copper, n.e.c.
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
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
-
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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