ECOWAS: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in ECOWAS

The ECOWAS plastic bath or sink market rose modestly to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in ECOWAS

In value terms, plastic bath or sink production reached $X in 2023 estimated in export price. Overall, production saw a strong expansion. The pace of growth was the most pronounced in 2014 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 Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports in ECOWAS

In 2023, overseas shipments of plastic baths, shower-baths, sinks and wash-basins increased by X% to X units, rising for the fifth consecutive year after six years of decline. In general, exports, however, continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, plastic bath or sink exports skyrocketed to $X in 2023. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Nigeria (X units) represented the major exporter of plastic baths, shower-baths, sinks and wash-basins, constituting X% of total exports. It was distantly followed by Cote d'Ivoire (X units), generating a X% share of total exports. The following exporters - Sierra Leone (X units) and Benin (X units) - each reached a X% share of total exports.

Exports from Nigeria decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%), Benin (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Cote d'Ivoire, Sierra Leone and Benin increased by X, X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest plastic bath or sink supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

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

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price, however, saw resilient growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Nigeria ($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 a decline in the export price figures.

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports in ECOWAS

In 2023, purchases abroad of plastic baths, shower-baths, sinks and wash-basins decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X units in 2022, and then declined in the following year.

In value terms, plastic bath or sink imports dropped slightly to $X in 2023. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

In 2023, Nigeria (X units) represented the key importer of plastic baths, shower-baths, sinks and wash-basins, committing X% of total imports. Ghana (X units) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%), Burkina Faso (X%) and Senegal (X%). Guinea (X units) and Mali (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Mali (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Cote d'Ivoire, Burkina Faso, Senegal and Mali increased by X, X, X, X and X percentage points, respectively.

In value terms, Ghana ($X), Nigeria ($X) and Senegal ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Cote d'Ivoire, Guinea, Mali and Burkina Faso lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, saw 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 unit in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Ghana ($X per unit), while Burkina Faso ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform