Western Africa: Market for Cellular Plates, Sheets, Film, Foil and Strip of Plastics 2024

Market Size for Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Western Africa

The West African market for cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2023, leveling off at the previous year. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Cellular Plates, Sheets, Film, Foil and Strip of Plastics in Western Africa

In value terms, production of cellular plates, sheets, film, foil and strip of plastics amounted to $X in 2023 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Exports in Western Africa

For the fifth consecutive year, Western Africa recorded growth in shipments abroad of cellular plates, sheets, film, foil and strip of plastics, which increased by X% to X tons in 2023. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked in 2023 and is likely to continue growth in the immediate term.

In value terms, exports of cellular plates, sheets, film, foil and strip of plastics surged to $X in 2023. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Ghana (X tons) and Sierra Leone (X tons) dominates plastics structure, together generating X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), comprising an X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sierra Leone (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Sierra Leone ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Sierra Leone, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The export price in Western Africa stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cellular Plates, Sheets, Film, Foil and Strip of Plastics

Imports in Western Africa

In 2023, purchases abroad of cellular plates, sheets, film, foil and strip of plastics was finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cellular plates, sheets, film, foil and strip of plastics fell slightly to $X in 2023. Overall, imports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

Ghana (X tons) and Nigeria (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Senegal (X tons), achieving a X% share of total imports. Cote d'Ivoire (X tons), Guinea (X tons), Mauritania (X tons) and Burkina Faso (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cellular plates, sheets, film, foil and strip of plastics importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined X% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of X%, saw 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 2023, the import price in Western Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the 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 Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform