Western Africa: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Western Africa

The West African market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning expanded modestly to $X in 2023, with an increase of X% against the previous year. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Western Africa

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning totaled $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports in Western Africa

In 2023, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in Western Africa surged to X tons, increasing by X% on the previous year's figure. In general, exports showed a slight increase. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2023. Overall, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Nigeria (X tons), followed by Ghana (X tons) were the main exporters of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, together constituting X% of total exports.

From 2013 to 2023, the biggest increases were recorded for Ghana (with a CAGR of X%).

In value terms, Nigeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2023.

In terms of the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price recorded a remarkable increase. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

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

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports in Western Africa

In 2023, overseas purchases of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2016; afterwards, it flattened through to 2023.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria represented the major importing country with an import of about X tons, which finished at X% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Cote d'Ivoire (X tons). All these countries together held approx. X% share of total imports.

Nigeria was also the fastest-growing in terms of the polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning imports, with a CAGR of X% from 2012 to 2023. Ghana experienced a relatively flat trend pattern. Cote d'Ivoire (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

In Nigeria, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform