Western Africa: Modelling Pastes Market 2024

Modelling Pastes Market Size in Western Africa

The West African modelling pastes market expanded modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Modelling Pastes Production in Western Africa

In value terms, modelling pastes production amounted to $X in 2022 estimated in export price. Overall, production posted strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Modelling Pastes Exports

Exports in Western Africa

In 2022, the amount of modelling pastes, dental wax and dental impression compounds exported in Western Africa reduced markedly to X kg, falling by X% against the previous year's figure. Overall, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, modelling pastes exports reduced to $X in 2022. In general, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Guinea was the main exporting country with an export of about X kg, which reached X% of total exports. Sierra Leone (X kg) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mali (X%).

From 2012 to 2022, average annual rates of growth with regard to modelling pastes exports from Guinea stood at X%. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Mali (X%) illustrated a downward trend over the same period. Guinea (X p.p.), Sierra Leone (X p.p.) and Mali (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, the largest modelling pastes supplying countries in Western Africa were Guinea ($X), Sierra Leone ($X) and Mali ($X), with a combined X% share of total exports.

Sierra Leone, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

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

Modelling Pastes Imports

Imports in Western Africa

In 2022, purchases abroad of modelling pastes, dental wax and dental impression compounds decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, modelling pastes imports reduced markedly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana represented the major importer of modelling pastes, dental wax and dental impression compounds in Western Africa, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Cote d'Ivoire (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%). Cabo Verde (X tons), Benin (X tons), Gambia (X tons) and Senegal (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to modelling pastes imports into Ghana stood at X%. At the same time, Guinea (X%), Gambia (X%), Senegal (X%), Cote d'Ivoire (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Guinea (X p.p.), Ghana (X p.p.), Cabo Verde (X p.p.), Gambia (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Benin (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) constitutes the largest market for imported modelling pastes, dental wax and dental impression compounds in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea ($X), with a X% share of total imports. 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 importing countries recorded the following average annual rates of imports growth: Guinea (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, which is down by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Ghana ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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