Western Africa: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Western Africa

The West African ethylene polymer rigid pipes market reached $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Western Africa

In value terms, ethylene polymer rigid pipes production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports in Western Africa

Ethylene polymer rigid pipes exports rose to X tons in 2022, with an increase of X% against 2021. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports expanded significantly to $X in 2022. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Cote d'Ivoire represented the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Ghana (X tons), mixing up a X% share of total exports. Togo (X tons) and Senegal (X tons) followed a long way behind the leaders.

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

In value terms, the largest ethylene polymer rigid pipes supplying countries in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Togo ($X), with a combined X% share of total exports.

Among the main exporting countries, Togo, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports in Western Africa

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by X% to X tons, rising for the sixth year in a row after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, ethylene polymer rigid pipes imports reduced to $X in 2022. Total imports indicated a pronounced 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Burkina Faso (X tons) represented the main importer of rigid tubes, pipes and hoses of polymers of ethylene, constituting X% of total imports. Nigeria (X tons) took the second position in the ranking, followed by Senegal (X tons), Niger (X tons), Benin (X tons), Mauritania (X tons), Cote d'Ivoire (X tons) and Togo (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ethylene polymer rigid pipes imports into Burkina Faso stood at X%. At the same time, Benin (X%), Togo (X%), Cote d'Ivoire (X%), Mauritania (X%), Niger (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Benin (X p.p.), Togo (X p.p.), Cote d'Ivoire (X p.p.), Mauritania (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of ethylene in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Benin ($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 growth rate of value in Burkina Faso was relatively modest. In the other countries, the average annual rates were as follows: Benin (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 2022, declining by X% against the previous year. In general, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2017 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 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 Cote d'Ivoire ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform