Western Africa: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2024

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Western Africa

The West African market for aluminium casks, drums, cans, boxes and similar containers expanded remarkably to $X in 2023, picking up by X% against the previous year. Overall, consumption posted a moderate expansion. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in Western Africa

In value terms, production of aluminium casks, drums, cans, boxes and similar containers stood at $X in 2023 estimated in export price. Over the period under review, production posted tangible growth. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports in Western Africa

In 2023, shipments abroad of aluminium casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers stood at $X in 2023. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Nigeria dominates containers structure, resulting at X units, which was approx. X% of total exports in 2023. The following exporters - Cote d'Ivoire (X units) and Ghana (X units) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to aluminium cask, drum, can, box and similar container exports from Nigeria stood at X%. At the same time, Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. Nigeria (X p.p.), Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest aluminium cask, drum, can, box and similar container supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 Cote d'Ivoire ($X per unit), while Ghana (less than $X per unit) 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 a decline in the export price figures.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports in Western Africa

In 2023, overseas purchases of aluminium casks, drums, cans, boxes and similar containers decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. In general, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then dropped in the following year.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers reduced to $X in 2023. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Guinea (X units), distantly followed by Ghana (X units), Senegal (X units), Sierra Leone (X units), Togo (X units) and Cote d'Ivoire (X units) represented the largest importers of aluminium casks, drums, cans, boxes and similar containers, together committing X% of total imports. Cabo Verde (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium cask, drum, can, box and similar container importing markets in Western Africa were Guinea ($X), Ghana ($X) and Senegal ($X), together accounting for X% of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, saw the highest growth rate of 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 unit in 2023, stabilizing at 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 2022 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, 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 Togo ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform