Western Africa: Plastic Headgear Market 2024

Plastic Headgear Market Size in Western Africa

The West African plastic headgear market declined to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Plastic Headgear Production in Western Africa

In value terms, plastic headgear production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Plastic Headgear Exports

Exports in Western Africa

In 2022, exports of headgear of rubber or plastic in Western Africa skyrocketed to X units, picking up by X% compared with 2021 figures. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic headgear exports skyrocketed to $X in 2022. In general, exports saw a notable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X units) was the largest exporter of headgear of rubber or plastic, making up X% of total exports. It was distantly followed by Niger (X units), achieving a X% share of total exports. Togo (X units) followed a long way behind the leaders.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Togo increased by X and X percentage points, respectively.

In Nigeria, plastic headgear exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Niger (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, which is down by X% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

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

Plastic Headgear Imports

Imports in Western Africa

Plastic headgear imports skyrocketed to X units in 2022, increasing by X% on the year before. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, plastic headgear imports skyrocketed to $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana represented the key importer of headgear of rubber or plastic in Western Africa, with the volume of imports finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X units), Benin (X units), Burkina Faso (X units), Senegal (X units) and Togo (X units), together making up a X% share of total imports. Cote d'Ivoire (X units) took a relatively small share of total imports.

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

In value terms, the largest plastic headgear importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined X% share of total imports.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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