Western Africa: Newsprint Market 2024

Newsprint Market Size in Western Africa

In 2022, after three years of decline, there was significant growth in the West African newsprint market, when its value increased by X% to $X. In general, consumption, however, saw a drastic downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Newsprint Production in Western Africa

In value terms, newsprint production stood at $X in 2022 estimated in export price. Overall, production faced a sharp contraction. The pace of growth was the most pronounced in 2016 with an increase of X,767% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Newsprint Exports

Exports in Western Africa

Newsprint exports dropped rapidly to X tons in 2022, which is down by X% on the year before. Over the period under review, exports faced a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, newsprint exports contracted rapidly to $X in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria dominates exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Sierra Leone (X tons), Cote d'Ivoire (X tons) and Senegal (X tons), together achieving a X% share of total exports. Burkina Faso (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the newsprint exports, with a CAGR of X% from 2012 to 2022. Sierra Leone (X%), Cote d'Ivoire (X%), Burkina Faso (X%) and Senegal (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Sierra Leone (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) emerged as the largest newsprint supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Sierra Leone (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. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Newsprint Imports

Imports in Western Africa

In 2022, after two years of decline, there was growth in supplies from abroad of newsprint, when their volume increased by X% to X tons. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, newsprint imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a deep contraction. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X tons) was the key importer of newsprint, creating X% of total imports. Nigeria (X tons) took the second position in the ranking, distantly followed by Senegal (X tons), Cote d'Ivoire (X tons) and Mauritania (X tons). All these countries together held near X% share of total imports. Burkina Faso (X tons) held a relatively small share of total imports.

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

In value terms, the largest newsprint importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Senegal ($X), with a combined X% share of total imports. Mauritania, Burkina Faso and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Burkina Faso ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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