Western Africa: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Western Africa

The West African aluminium pipe fittings market contracted to $X in 2022, which is down by X% against the previous year. The total consumption indicated a perceptible increase 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Aluminium Pipe Fittings Production in Western Africa

In value terms, aluminium pipe fittings production shrank to $X in 2022 estimated in export price. The total production indicated a measured increase 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 increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Aluminium Pipe Fittings Exports

Exports in Western Africa

In 2022, overseas shipments of aluminium tube or pipe fittings were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, aluminium pipe fittings exports surged to $X in 2022. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Benin was the main exporter of aluminium tube or pipe fittings in Western Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Cote d'Ivoire (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (X%). The following exporters - Senegal (X kg) and Niger (X kg) - together made up X% of total exports.

Benin was also the fastest-growing in terms of the aluminium tube or pipe fittings exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Senegal (X%), Sierra Leone (X%) and Niger (X%) displayed positive paces of growth. While the share of Benin (X p.p.), Sierra Leone (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) and Niger (X p.p.) displayed negative dynamics.

In value terms, Benin ($X) emerged as the largest aluminium pipe fittings supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Niger (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Aluminium Pipe Fittings Imports

Imports in Western Africa

In 2022, approx. X tons of aluminium tube or pipe fittings were imported in Western Africa; surging by X% on 2021. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium pipe fittings imports expanded modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mauritania (X tons) represented the main importer of aluminium tube or pipe fittings, making up X% of total imports. Senegal (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Cote d'Ivoire (X%). Ghana (X tons), Sierra Leone (X tons) and Guinea (X tons) followed a long way behind the leaders.

Mauritania was also the fastest-growing in terms of the aluminium tube or pipe fittings imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Cote d'Ivoire (X%) and Guinea (X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. By contrast, Sierra Leone (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Mauritania (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.), Sierra Leone (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, Cote d'Ivoire ($X) constitutes the largest market for imported aluminium tube or pipe fittings in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a abrupt contraction. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform