Western Africa: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Western Africa

The West African extruded solid rubber rod market amounted to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a pronounced decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Extruded Solid Rubber Rods And Profiles in Western Africa

In value terms, extruded solid rubber rod production stood at $X in 2022 estimated in export price. Overall, production, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in Western Africa

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported in Western Africa; waning by X% against 2021 figures. In general, exports saw a pronounced descent. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, extruded solid rubber rod exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana was the major exporting country with an export of around X tons, which finished at X% of total exports. Sierra Leone (X tons) took the second position in the ranking, distantly followed by Cote d'Ivoire (X kg). All these countries together held near X% share of total exports. Nigeria (X kg) held a relatively small share of total exports.

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

In value terms, Ghana ($X) remains the largest extruded solid rubber rod supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to X%. 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 Western Africa stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price recorded significant growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

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

Imports of Extruded Solid Rubber Rods And Profiles

Imports in Western Africa

In 2022, the amount of extruded solid rubber rods and profiles imported in Western Africa surged to X tons, picking up by X% compared with the year before. Overall, imports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports expanded markedly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Nigeria (X tons) and Ghana (X tons) represented the key importers of extruded solid rubber rods and profiles in Western Africa, together generating X% of total imports. It was distantly followed by Cote d'Ivoire (X tons) and Senegal (X tons), together committing a X% share of total imports. The following importers - Guinea (X tons), Mali (X tons) and Mauritania (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Senegal, Mauritania, Guinea and Mali lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Senegal, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 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 Mauritania ($X per ton), while Nigeria ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :