Western Africa: Plastic Box Market 2024

Plastic Box Market Size in Western Africa

The West African plastic box market amounted to $X in 2022, almost unchanged from the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Plastic Box Production in Western Africa

In value terms, plastic box production totaled $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Plastic Box Exports

Exports in Western Africa

In 2022, the amount of plastic boxes, cases, crates and similar packing articles exported in Western Africa surged to X tons, increasing by X% on the previous year's figure. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic box exports soared to $X in 2022. Overall, exports, however, recorded a noticeable setback. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) and Benin (X tons) prevails in exports structure, together committing X% of total exports. It was distantly followed by Togo (X tons) and Niger (X tons), together committing a X% share of total exports. Senegal (X tons) and Ghana (X tons) held a minor share of total exports.

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

In value terms, Cote d'Ivoire ($X) remains the largest plastic box supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Benin ($X), with a X% share of total exports. It was followed by Niger, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Benin (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Niger ($X per ton), while Benin ($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 mixed trends in the export price figures.

Plastic Box Imports

Imports in Western Africa

In 2022, approx. X tons of plastic boxes, cases, crates and similar packing articles were imported in Western Africa; dropping by X% compared with the previous year's figure. The total import volume 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 most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, plastic box imports declined sharply to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

In 2022, Ghana (X tons), Cote d'Ivoire (X tons), Benin (X tons), Senegal (X tons) and Burkina Faso (X tons) was the key importer of plastic boxes, cases, crates and similar packing articles in Western Africa, committing X% of total import. Nigeria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritania (X%), Mali (X%) and Niger (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In terms of the main importing countries, Niger, 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

In 2022, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 Ghana ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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