Western Africa: Paper Bag Machine Market 2024

Paper Bag Machine Market Size in Western Africa

The West African paper bag machine market fell to $X.3B in 2022, which is down by X% against the previous year. Overall, consumption, however, enjoyed a buoyant increase. Over the period under review, the market attained the maximum level at $X.1B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Paper Bag Machine Production in Western Africa

In value terms, paper bag machine production stood at $X.6B in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X.6B in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Paper Bag Machine Exports

Exports in Western Africa

In 2022, shipments abroad of machines for making bags, sacks or envelopes of paper or paperboard decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports saw a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, paper bag machine exports dropped notably to $X in 2022. Over the period under review, exports showed a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X units) represented the main exporter of machines for making bags, sacks or envelopes of paper or paperboard in Western Africa, mixing up X% of total export.

Ghana was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard exports, with a CAGR of X% from 2012 to 2022. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest paper bag machine supplier in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price recorded a precipitous curtailment. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Paper Bag Machine Imports

Imports in Western Africa

Paper bag machine imports declined dramatically to X units in 2022, with a decrease of X% on the year before. Overall, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, paper bag machine imports contracted significantly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria represented the major importer of machines for making bags, sacks or envelopes of paper or paperboard in Western Africa, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Senegal (X units), Togo (X units) and Cote d'Ivoire (X units), together making up a X% share of total imports. The following importers - Ghana (X units), Benin (X units) and Mauritania (X units) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the machines for making bags, sacks or envelopes of paper or paperboard imports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%), Togo (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Mauritania (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Senegal (X p.p.), Togo (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Mauritania and Cote d'Ivoire saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for making bags, sacks or envelopes of paper or paperboard in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Togo ($X), with a X% share of total imports. It was followed by Ghana, with an X% share.

In Nigeria, paper bag machine imports expanded at 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 Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked 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 Ghana ($X per unit), while Senegal ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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