Western Africa: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Western Africa

In 2022, the West African market for plastic hoses and hose fittings increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a tangible 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic Hoses and Hose Fittings in Western Africa

In value terms, plastic hose and hose fitting production contracted to $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 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports in Western Africa

Plastic hose and hose fitting exports dropped sharply to X tons in 2022, falling by X% against the previous year. Over the period under review, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports fell sharply to $X in 2022. In general, exports showed a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Togo represented the key exporter of plastic hoses and hose fittings in Western Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. Ghana (X tons) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%), Cote d'Ivoire (X%) and Senegal (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In Togo, plastic hose and hose fitting exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) 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 mixed trends in the export price figures.

Imports of Plastic Hoses and Hose Fittings

Imports in Western Africa

In 2022, plastic hose and hose fitting imports in Western Africa soared to X tons, with an increase of X% against the previous year's figure. In general, imports posted a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic hose and hose fitting imports soared to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Ghana (X tons) and Nigeria (X tons) represented the major importers of plastic hoses and hose fittings in Western Africa, together making up X% of total imports. Guinea (X tons) ranks next in terms of the total imports with an X% share, followed by Senegal (X%), Mali (X%), Cote d'Ivoire (X%) and Niger (X%). The following importers - Mauritania (X tons), Benin (X tons), Burkina Faso (X tons), Sierra Leone (X tons), Togo (X tons) and Gambia (X tons) - together made up X% of total imports.

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

In value terms, Niger ($X), Ghana ($X) and Nigeria ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Niger, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a pronounced increase. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the 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 Niger ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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