Western Africa: Reel Cutting Slitter Market 2024

Reel Cutting Slitter Market Size in Western Africa

The West African reel cutting slitter market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted a significant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Reel Cutting Slitter Production in Western Africa

In value terms, reel cutting slitter production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted significant growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Reel Cutting Slitter Exports

Exports in Western Africa

After two years of decline, shipments abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard increased by X% to X units in 2022. In general, exports recorded a remarkable increase. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, reel cutting slitter exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X units) and Cote d'Ivoire (X units) dominates exports structure, together comprising X% of total exports. It was distantly followed by Ghana (X units), constituting a X% share of total exports. Niger (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Cote d'Ivoire ($X) emerged as the largest reel cutting slitter supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

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

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Niger ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Reel Cutting Slitter Imports

Imports in Western Africa

In 2022, purchases abroad of combined reel slitting and re-reeling cutting machines for paper and paperboard decreased by X% to X units, falling for the third year in a row after four years of growth. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, reel cutting slitter imports fell notably to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria prevails in imports structure, accounting for X units, which was near X% of total imports in 2022. Benin (X units) took a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Nigeria (X p.p.) and Benin (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported combined reel slitting and re-reeling cutting machines for paper and paperboard in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Benin ($X), with a X% share of total imports.

In Nigeria, reel cutting slitter imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Benin amounted to $X per unit.

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

Source: IndexBox Platform

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