Western Africa: Sheet Piling Market 2024

Sheet Piling Market Size in Western Africa

The West African sheet piling market expanded rapidly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a temperate 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Sheet Piling Production in Western Africa

In value terms, sheet piling production expanded significantly to $X in 2022 estimated in export price. The total production indicated a tangible 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 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sheet Piling Exports

Exports in Western Africa

After two years of decline, overseas shipments of sheet piling, shapes and sections (of iron or steel) increased by X% to X tons in 2022. Overall, exports, however, saw a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, sheet piling exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mauritania represented the major exporting country with an export of around X tons, which reached X% of total exports. Nigeria (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%), Benin (X%) and Togo (X%).

From 2012 to 2022, average annual rates of growth with regard to sheet piling exports from Mauritania stood at X%. At the same time, Benin (X%), Cote d'Ivoire (X%), Nigeria (X%) and Togo (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Mauritania (X p.p.), Cote d'Ivoire (X p.p.), Nigeria (X p.p.), Benin (X p.p.) and Togo (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sheet piling supplying countries in Western Africa were Nigeria ($X), Mauritania ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 2022, with a decrease of X% against the previous year. Overall, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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

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

Sheet Piling Imports

Imports in Western Africa

In 2022, approx. X tons of sheet piling, shapes and sections (of iron or steel) were imported in Western Africa; declining by X% compared with 2021 figures. Total imports indicated a measured expansion 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 decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, sheet piling imports declined modestly to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria represented the key importing country with an import of about X tons, which recorded X% of total imports. Sierra Leone (X tons) took the second position in the ranking, distantly followed by Benin (X tons), Cote d'Ivoire (X tons) and Ghana (X tons). All these countries together took near X% share of total imports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sheet piling imports into Nigeria stood at X%. At the same time, Benin (X%), Senegal (X%), Cote d'Ivoire (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Benin (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported sheet piling, shapes and sections (of iron or steel) in Western Africa, comprising X% of total imports. The second position in the ranking was held by Sierra Leone ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, sheet piling imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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