ECOWAS: Market for Polyolefins other than Polypropylene 2024

Market Size for Polyolefins other than Polypropylene in ECOWAS

The ECOWAS polyolefins other than polypropylene market dropped modestly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Polyolefins other than Polypropylene in ECOWAS

In value terms, polyolefins other than polypropylene production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Polyolefins other than Polypropylene

Exports in ECOWAS

In 2022, overseas shipments of polyolefins other than polypropylene increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyolefins other than polypropylene exports surged to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) and Senegal (X tons) dominates exports structure, together mixing up X% of total exports. It was distantly followed by Ghana (X tons) and Niger (X tons), together committing a X% share of total exports. Cote d'Ivoire (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Niger ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Polyolefins other than Polypropylene

Imports in ECOWAS

In 2022, supplies from abroad of polyolefins other than polypropylene decreased by X% to X tons, falling for the second year in a row after four years of growth. Total imports indicated a tangible increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, polyolefins other than polypropylene imports contracted to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

Nigeria represented the key importer of polyolefins other than polypropylene in ECOWAS, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Senegal (X%). Guinea (X tons) held a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal and Ghana experienced a relatively flat trend pattern. By contrast, Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Nigeria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported polyolefins other than polypropylene in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a pronounced slump. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nigeria ($X per ton) and Senegal ($X per ton), while Ghana ($X per ton) and Guinea ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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