ECOWAS: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in ECOWAS

The ECOWAS ethylene polymer rigid pipes market amounted to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in ECOWAS

In value terms, ethylene polymer rigid pipes production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in ECOWAS

Ethylene polymer rigid pipes exports was estimated at X tons in 2022, increasing by X% compared with 2021 figures. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ethylene polymer rigid pipes exports totaled $X in 2022. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Cote d'Ivoire (X tons) was the main exporter of rigid tubes, pipes and hoses of polymers of ethylene, creating X% of total exports. It was distantly followed by Ghana (X tons), generating a X% share of total exports. Togo (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, the largest ethylene polymer rigid pipes supplying countries in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Togo ($X), with a combined X% share of total exports.

Togo, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Togo ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in ECOWAS

In 2022, after two years of growth, there was decline in purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene, when their volume decreased by X% to X tons. Total imports indicated a prominent expansion 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 increased by X% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, ethylene polymer rigid pipes imports declined to $X in 2022. Total imports indicated moderate 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Burkina Faso represented the major importer of rigid tubes, pipes and hoses of polymers of ethylene in ECOWAS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%), Niger (X%), Benin (X%), Cote d'Ivoire (X%), Togo (X%) and Mali (X%). Guinea (X tons) held a minor share of total imports.

Imports into Burkina Faso increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Togo (X%), Cote d'Ivoire (X%), Guinea (X%), Mali (X%), Niger (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Benin (X p.p.), Togo (X p.p.), Cote d'Ivoire (X p.p.), Mali (X p.p.), Guinea (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Burkina Faso (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of ethylene in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Benin ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Burkina Faso, ethylene polymer rigid pipes imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 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 Cote d'Ivoire ($X per ton), while Niger ($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