Western Africa: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Western Africa

The West African plastic self-adhesive plate market stood at $X in 2022, growing by X% against the previous year. Overall, consumption posted a strong expansion. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Plastic Self-Adhesive Plate Production in Western Africa

In value terms, plastic self-adhesive plate production shrank modestly to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Plastic Self-Adhesive Plate Exports

Exports in Western Africa

In 2022, overseas shipments of plastic self-adhesive plates, sheets and other flat shapes were finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic self-adhesive plate exports skyrocketed to $X in 2022. In general, exports saw moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cote d'Ivoire (X tons) and Senegal (X tons) were the major exporters of plastic self-adhesive plates, sheets and other flat shapes in 2022, accounting for approx. X% and X% of total exports, respectively. It was distantly followed by Togo (X tons), committing a X% share of total exports. Ghana (X tons), Niger (X tons), Nigeria (X tons) and Guinea (X tons) followed a long way behind the leaders.

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

In value terms, Senegal ($X) remains the largest plastic self-adhesive plate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Togo (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 period under review, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

Plastic Self-Adhesive Plate Imports

Imports in Western Africa

In 2022, imports of plastic self-adhesive plates, sheets and other flat shapes in Western Africa surged to X tons, with an increase of X% on 2021. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic self-adhesive plate imports expanded notably to $X in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Nigeria was the key importer of plastic self-adhesive plates, sheets and other flat shapes in Western Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Ghana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%). Senegal (X tons), Burkina Faso (X tons) and Guinea (X tons) held a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Senegal (X%), Burkina Faso (X%), Cote d'Ivoire (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported plastic self-adhesive plates, sheets and other flat shapes in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($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 Nigeria stood at X%. In the other countries, the average annual rates were as follows: Ghana (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, declining by X% against the previous year. Over the period under review, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 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 ($X per ton), while Burkina Faso ($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 a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :