ECOWAS: Plastic Supports Market 2024

Plastic Supports Market Size in ECOWAS

In 2022, the ECOWAS plastic supports market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Plastic Supports Production in ECOWAS

In value terms, plastic supports production totaled $X in 2022 estimated in export price. The total production indicated resilient 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Plastic Supports Exports

Exports in ECOWAS

In 2022, the amount of spools, cops, bobbins and similar supports of plastics exported in ECOWAS declined remarkably to X tons, falling by X% compared with the previous year's figure. Over the period under review, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic supports exports shrank slightly to $X in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Senegal (X tons) was the main exporter of spools, cops, bobbins and similar supports of plastics, generating X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), comprising a X% 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 Senegal (with a CAGR of X%).

In value terms, Senegal ($X) remains the largest plastic supports supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Plastic Supports Imports

Imports in ECOWAS

In 2022, purchases abroad of spools, cops, bobbins and similar supports of plastics decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, plastic supports imports contracted sharply to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Ghana was the major importer of spools, cops, bobbins and similar supports of plastics in ECOWAS, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Mali (X tons), Nigeria (X tons) and Senegal (X tons), together creating a X% share of total imports. Cabo Verde (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic supports imports into Ghana stood at X%. At the same time, Cabo Verde (X%), Senegal (X%), Mali (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Ghana, Senegal, Mali and Cabo Verde increased by X, X, X and X percentage points, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported spools, cops, bobbins and similar supports of plastics in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Mali, with an X% share.

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

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :