ECOWAS: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in ECOWAS

The ECOWAS metal non-electric bell market expanded to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Metal Non-Electric Bell Production in ECOWAS

In value terms, metal non-electric bell production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth failed to regain momentum.

Metal Non-Electric Bell Exports

Exports in ECOWAS

After two years of growth, shipments abroad of non-electric bells and gongs of base metal decreased by X% to X tons in 2023. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal non-electric bell exports reduced remarkably to $X in 2023. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined significantly in the following year.

Exports by Country

Ghana was the main exporting country with an export of around X kg, which accounted for X% of total exports. It was distantly followed by Senegal (X kg), Burkina Faso (X kg), Niger (X kg) and Nigeria (X kg), together creating a X% share of total exports. Cote d'Ivoire (X kg) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Cote d'Ivoire (X%), Burkina Faso (X%), Niger (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. While the share of Senegal (X p.p.), Burkina Faso (X p.p.), Niger (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, the largest metal non-electric bell supplying countries in ECOWAS were Niger ($X), Senegal ($X) and Nigeria ($X), with a combined X% share of total exports. Burkina Faso, Ghana and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Cote d'Ivoire, 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

In 2023, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

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 Niger ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Metal Non-Electric Bell Imports

Imports in ECOWAS

After two years of growth, supplies from abroad of non-electric bells and gongs of base metal decreased by X% to X tons in 2023. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, metal non-electric bell imports shrank slightly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Ghana (X tons) and Senegal (X tons) represented roughly X% of total imports in 2023. Cote d'Ivoire (X tons) took the next position in the ranking, distantly followed by Nigeria (X tons). All these countries together took approx. X% share of total imports. The following importers - Togo (X tons) and Benin (X tons) - together made up X% of total imports.

From 2012 to 2023, 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, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices remained at a 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 Nigeria ($X per ton), while Benin ($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