ECOWAS: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in ECOWAS

The ECOWAS vulcanised cellular rubber articles market expanded notably to $X in 2022, increasing by X% against the previous year. Overall, consumption recorded resilient growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in ECOWAS

In value terms, vulcanised cellular rubber articles production rose markedly to $X in 2022 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in ECOWAS

In 2022, the amount of vulcanised cellular rubber articles for technical uses exported in ECOWAS shrank to X tons, with a decrease of X% on the previous year. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vulcanised cellular rubber articles exports declined modestly to $X in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal represented the key exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Sierra Leone (X kg) and Cote d'Ivoire (X kg), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised cellular rubber articles exports from Senegal stood at X%. At the same time, Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Senegal (X p.p.) and Sierra Leone (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest vulcanised cellular rubber articles supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports.

In Senegal, vulcanised cellular rubber articles exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 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 mixed trends in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in ECOWAS

In 2022, approx. X tons of vulcanised cellular rubber articles for technical uses were imported in ECOWAS; with an increase of X% compared with the year before. In general, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports declined slightly to $X in 2022. Total imports indicated perceptible 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 2015 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which recorded X% of total imports. It was distantly followed by Ghana (X tons), Senegal (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons), together achieving a X% share of total imports. Guinea (X tons) followed a long way behind the leaders.

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

In value terms, the largest vulcanised cellular rubber articles importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Senegal ($X), together comprising X% of total imports. Cote d'Ivoire, Guinea and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, falling by X% against the previous year. Over the period under review, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a 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 Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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