ECOWAS: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in ECOWAS

The ECOWAS market for flexible tubes, pipes and hoses of plastics, without fittings was estimated at $X in 2023, growing by X% against the previous year. The total consumption indicated a perceptible 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. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in ECOWAS

In value terms, production of flexible tubes, pipes and hoses of plastics, without fittings expanded notably to $X in 2023 estimated in export price. In general, production saw a prominent expansion. 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 of growth failed to regain momentum.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports in ECOWAS

In 2023, approx. X tons of flexible tubes, pipes and hoses of plastics, without fittings were exported in ECOWAS; increasing by X% compared with the year before. Overall, exports saw a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings expanded markedly to $X in 2023. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Ghana (X tons) and Cote d'Ivoire (X tons) dominates fittings structure, together creating X% of total exports. It was distantly followed by Nigeria (X tons), committing a X% share of total exports. The following exporters - Senegal (X tons) and Cabo Verde (X tons) - each amounted to a X% share of total exports.

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

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Senegal and Cabo Verde lagged somewhat behind, together comprising a further X%.

Cabo Verde, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2023, the export price in ECOWAS amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

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

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports in ECOWAS

Imports of flexible tubes, pipes and hoses of plastics, without fittings fell rapidly to X tons in 2023, declining by X% on 2022 figures. Overall, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings shrank rapidly to $X in 2023. In general, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Benin was the key importer of flexible tubes, pipes and hoses of plastics, without fittings in ECOWAS, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Burkina Faso (X tons), Nigeria (X tons), Senegal (X tons), Ghana (X tons), Niger (X tons) and Cote d'Ivoire (X tons), together committing a X% share of total imports.

Benin was also the fastest-growing in terms of the flexible tubes, pipes and hoses of plastics, without fittings imports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%), Cote d'Ivoire (X%), Niger (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Benin, Senegal, Cote d'Ivoire and Niger increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flexible tubes, pipes and hoses of plastics, without fittings importing markets in ECOWAS were Benin ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports.

Benin, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ECOWAS stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The growth pace was the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) 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 import price figures.

Source: IndexBox Platform