Report Western Africa - Compound Plasticisers for Rubber or Plastics - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Oct 1, 2022

Western Africa - Compound Plasticisers for Rubber or Plastics - Market Analysis, Forecast, Size, Trends and Insights
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Western Africa: Compound Plasticisers Market 2022

Compound Plasticisers Market Size in Western Africa

In 2021, the West African compound plasticisers market decreased by -X% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption, however, recorded a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then declined modestly in the following year.

Compound Plasticisers Production in Western Africa

In value terms, compound plasticisers production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020, and then dropped modestly in the following year.

Compound Plasticisers Exports

Exports in Western Africa

In 2021, after two years of decline, there was significant growth in overseas shipments of compound plasticisers for rubber or plastics, when their volume increased by X% to X tons. In general, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, compound plasticisers exports amounted to $X in 2021. Over the period under review, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Nigeria (X tons) represented the key exporter of compound plasticisers for rubber or plastics, mixing up X% of total exports. Cote d'Ivoire (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%).

Exports from Nigeria decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Cote d'Ivoire (+X%) and Ghana (+X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2012-2021. While the share of Cote d'Ivoire (+X p.p.) and Ghana (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nigeria (-X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest compound plasticisers supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to -X%. In the other countries, the average annual rates were as follows: Ghana (+X% per year) and Cote d'Ivoire (+X% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+X%), while the other leaders experienced mixed trends in the export price figures.

Compound Plasticisers Imports

Imports in Western Africa

In 2021, supplies from abroad of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the fourth consecutive year after five years of decline. Over the period under review, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, compound plasticisers imports skyrocketed to $X in 2021. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, recording X tons, which was approx. X% of total imports in 2021. The following importers - Ghana (X tons), Gambia (X tons) and Senegal (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of +X% from 2012 to 2021. At the same time, Gambia (+X%), Senegal (+X%) and Ghana (+X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +X% from 2012-2021. Gambia (+X p.p.) and Senegal (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported compound plasticisers for rubber or plastics in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +X%. In the other countries, the average annual rates were as follows: Ghana (+X% per year) and Senegal (+X% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for compound plasticisers for rubber or plastics in Western Africa?
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Nigeria remains the largest compound plasticisers consuming country in Western Africa, comprising approx. 73% of total volume. Moreover, compound plasticisers consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, more than tenfold. Cote d'Ivoire ranked third in terms of total consumption with a 5.3% share.
What are the largest producers of compound plasticisers for rubber or plastics in Western Africa?
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The country with the largest volume of compound plasticisers production was Nigeria, comprising approx. 73% of total volume. Moreover, compound plasticisers production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, more than tenfold. Cote d'Ivoire ranked third in terms of total production with a 5.4% share.
What are the leading suppliers of compound plasticisers for rubber or plastics in Western Africa?
+
In value terms, Nigeria remains the largest compound plasticisers supplier in Western Africa, comprising 86% of total exports. The second position in the ranking was taken by Ghana, with a 7.1% share of total exports.
What are the leading importers of compound plasticisers for rubber or plastics in Western Africa?
+
In value terms, Nigeria constitutes the largest market for imported compound plasticisers for rubber or plastics in Western Africa, comprising 92% of total imports. The second position in the ranking was taken by Ghana, with a 3.3% share of total imports. It was followed by Senegal, with a 1.7% share.
What is the average export price for compound plasticisers for rubber or plastics in Western Africa?
+
The export price in Western Africa stood at $1,764 per ton in 2021, with an increase of 2.3% against the previous year.
What is the average import price for compound plasticisers for rubber or plastics in Western Africa?
+
In 2021, the import price in Western Africa amounted to $1,881 per ton, jumping by 19% against the previous year.

This report provides an in-depth analysis of the compound plasticisers market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 20595640 - Compound plasticisers for rubber or plastics
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Western Africa, split by region and country
• Trade (exports and imports) in Western Africa
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Mauritania
• Niger
• Nigeria
• Saint Helena, Ascension and Tristan da Cunha
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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