ECOWAS: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in ECOWAS

In 2023, the ECOWAS market for cellular plates, sheets and films of polyymers of styrene decreased by X% to $X, falling for the second year in a row after four years of growth. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in ECOWAS

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose slightly to $X in 2023 estimated in export price. The total production indicated notable growth 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 pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in ECOWAS

In 2023, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2023. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

Sierra Leone dominates styrene structure, recording X tons, which was approx. X% of total exports in 2023. Togo (X tons) and Ghana (X tons) followed a long way behind the leaders.

Exports from Sierra Leone increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while Togo and Ghana saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sierra Leone ($X) remains the largest polystyrene cellular plates, sheets and films supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Sierra Leone, exports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then contracted in the following year.

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 Sierra Leone ($X per ton), while Togo ($X per ton) 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 a decline in the export price figures.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in ECOWAS

In 2023, overseas purchases of cellular plates, sheets and films of polyymers of styrene were finally on the rise to reach X tons after two years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene fell sharply to $X in 2023. Overall, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria dominates styrene structure, resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Burkina Faso (X tons), mixing up a X% share of total imports. Senegal (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Benin (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to polystyrene cellular plates, sheets and films imports into Nigeria stood at X%. At the same time, Senegal (X%), Burkina Faso (X%), Benin (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Nigeria, Burkina Faso and Senegal increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

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

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform