ECOWAS: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in ECOWAS

The ECOWAS non-cellular polystyrene film market rose notably to $X in 2022, increasing by X% against the previous year. The total consumption indicated a notable 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Cellular Polystyrene Film Production in ECOWAS

In value terms, non-cellular polystyrene film production totaled $X in 2022 estimated in export price. The total production indicated tangible growth 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 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Cellular Polystyrene Film Exports

Exports in ECOWAS

In 2022, shipments abroad of non-cellular polystyrene films, sheets, foil and strip increased by X% to X tons, rising for the sixth year in a row after two years of decline. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, non-cellular polystyrene film exports skyrocketed to $X in 2022. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Togo represented the main exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Nigeria (X tons), committing a X% share of total exports.

Togo was also the fastest-growing in terms of the non-cellular polystyrene films, sheets, foil and strip exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. While the share of Togo (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Togo ($X) remains the largest non-cellular polystyrene film supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo stood at X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Togo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Non-Cellular Polystyrene Film Imports

Imports in ECOWAS

In 2022, approx. X tons of non-cellular polystyrene films, sheets, foil and strip were imported in ECOWAS; reducing by X% against 2021 figures. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-cellular polystyrene film imports skyrocketed to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), creating an X% share of total imports. Senegal (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the non-cellular polystyrene films, sheets, foil and strip imports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria increased by X percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported non-cellular polystyrene films, sheets, foil and strip in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to 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 2022, the import price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, 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 ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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