ECOWAS: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in ECOWAS

The ECOWAS plastic reservoir market fell to $X in 2022, approximately mirroring the previous year. The total consumption indicated buoyant 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, consumption decreased by X% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plastic Reservoir Production in ECOWAS

In value terms, plastic reservoir production fell slightly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Plastic Reservoir Exports

Exports in ECOWAS

In 2022, overseas shipments of plastic reservoirs, tanks and vats were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic reservoir exports expanded remarkably to $X in 2022. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo (X tons) and Ghana (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Nigeria (X tons) and Burkina Faso (X tons), together committing a X% share of total exports. Benin (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the largest plastic reservoir supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a perceptible reduction. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced mixed trends in the export price figures.

Plastic Reservoir Imports

Imports in ECOWAS

In 2022, the amount of plastic reservoirs, tanks and vats imported in ECOWAS rose markedly to X tons, growing by X% on the previous year's figure. Overall, imports posted prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, plastic reservoir imports skyrocketed to $X in 2022. In general, imports posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Togo (X tons), Senegal (X tons), Burkina Faso (X tons), Nigeria (X tons) and Mali (X tons) represented the largest importer of plastic reservoirs, tanks and vats in ECOWAS, making up X% of total import. It was distantly followed by Benin (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Niger (X tons), together generating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Niger ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Togo, Nigeria, Benin, Mali, Ghana and Burkina Faso lagged somewhat behind, together comprising a further X%.

Togo, 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

In 2022, the import price in ECOWAS amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Niger ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform