ECOWAS: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in ECOWAS

The ECOWAS market for self-adhesive plastic tape in rolls of a width under Xcm surged to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Self-Adhesive Plastic Tape in Rolls of a Width Under Xcm in ECOWAS

In value terms, production of self-adhesive plastic tape in rolls of a width under Xcm declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports in ECOWAS

In 2022, overseas shipments of self-adhesive plastic tape in rolls of a width under Xcm were finally on the rise to reach X tons after three years of decline. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of self-adhesive plastic tape in rolls of a width under Xcm skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporter of self-adhesive plastic tape in rolls of a width under Xcm in ECOWAS, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Togo (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took approx. X% share of total exports. Nigeria (X tons) took a little share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the self-adhesive plastic tape in rolls of a width under Xcm exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%), Togo (X%) and Nigeria (X%) displayed positive paces of growth. While the share of Cote d'Ivoire (X p.p.), Togo (X p.p.), Senegal (X p.p.) and Nigeria (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest self-adhesive plastic tape in rolls of a width under Xcm supplying countries in ECOWAS were Senegal ($X), Togo ($X) and Cote d'Ivoire ($X), together comprising X% of total exports.

Senegal, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 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 Senegal ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports in ECOWAS

In 2022, imports of self-adhesive plastic tape in rolls of a width under Xcm in ECOWAS surged to X tons, rising by X% compared with 2021. Overall, imports saw a significant increase. The growth pace was the most rapid 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 of remained at a lower figure.

In value terms, imports of self-adhesive plastic tape in rolls of a width under Xcm expanded markedly to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Nigeria dominates Xcm structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Ghana (X tons), comprising a X% share of total imports. The following importers - Cote d'Ivoire (X tons) and Guinea (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Guinea (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Nigeria and Ghana increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported self-adhesive plastic tape in rolls of a width under Xcm in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :