ECOWAS: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in ECOWAS

In 2022, the ECOWAS non-cellular polypropylene film market decreased by X% to $X, falling for the second year in a row after five years of growth. The total consumption indicated a prominent increase 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. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Cellular Polypropylene Film Production in ECOWAS

In value terms, non-cellular polypropylene film production contracted to $X in 2022 estimated in export price. The total production indicated a prominent 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 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Cellular Polypropylene Film Exports

Exports in ECOWAS

In 2022, shipments abroad of non-cellular polypropylene films, sheets, foil and strip decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, non-cellular polypropylene film exports expanded to $X in 2022. Overall, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Togo (X tons) and Cote d'Ivoire (X tons) represented the main exporters of non-cellular polypropylene films, sheets, foil and strip in ECOWAS, together mixing up X% of total exports. It was distantly followed by Nigeria (X tons), comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Cote d'Ivoire ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, 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.

Non-Cellular Polypropylene Film Imports

Imports in ECOWAS

In 2022, the amount of non-cellular polypropylene films, sheets, foil and strip imported in ECOWAS dropped markedly to X tons, with a decrease of X% on the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-cellular polypropylene film imports declined significantly to $X in 2022. In general, imports, however, showed a moderate expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the major importing country with an import of about X tons, which accounted for X% of total imports. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%), Senegal (X%) and Togo (X%). Mali (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-cellular polypropylene film imports into Nigeria stood at X%. At the same time, Ghana (X%), Mali (X%), Guinea (X%), Senegal (X%), Togo (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Ghana, Senegal, Mali, Togo and Cote d'Ivoire increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Ghana, 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 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Guinea ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :