Western Africa: Sheet Piling Market 2024

Sheet Piling Market Size in Western Africa

The West African sheet piling market rose slightly to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sheet Piling Production in Western Africa

In value terms, sheet piling production rose sharply to $X in 2023 estimated in export price. The total production indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Sheet Piling Exports

Exports in Western Africa

For the third year in a row, Western Africa recorded growth in overseas shipments of sheet piling, shapes and sections (of iron or steel), which increased by X% to X tons in 2023. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in the near future.

In value terms, sheet piling exports soared to $X in 2023. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Ghana (X tons), together amounting to X% of total export.

Ghana was also the fastest-growing in terms of the sheet piling, shapes and sections (of iron or steel) exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Ghana increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest sheet piling supplier in Western Africa.

In Ghana, sheet piling exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2023, the rate of growth in terms of prices for Ghana amounted to X% per year.

Sheet Piling Imports

Imports in Western Africa

In 2023, the amount of sheet piling, shapes and sections (of iron or steel) imported in Western Africa shrank to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports failed to regain momentum.

In value terms, sheet piling imports stood at $X in 2023. Over the period under review, imports saw a mild reduction. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Nigeria (X tons) was the main importer of sheet piling, shapes and sections (of iron or steel), mixing up X% of total imports. Mauritania (X tons) took the second position in the ranking, distantly followed by Cote d'Ivoire (X tons), Benin (X tons) and Sierra Leone (X tons). All these countries together held approx. X% share of total imports. The following importers - Senegal (X tons) and Guinea (X tons) - each finished at a X% share of total imports.

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

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

From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Mauritania (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a slight contraction. The level of import peaked at $X per ton in 2013; however, from 2014 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 Cote d'Ivoire ($X per ton), while Mauritania ($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 import price figures.

Source: IndexBox Platform