Western Africa: Sack Kraft Paper Market 2024

Sack Kraft Paper Market Size in Western Africa

The West African sack kraft paper market expanded markedly to $X in 2022, rising by X% against the previous year. Overall, consumption saw a buoyant expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Sack Kraft Paper Production in Western Africa

In value terms, sack kraft paper production dropped to $X in 2022 estimated in export price. The total production indicated noticeable growth 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 pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Sack Kraft Paper Exports

Exports in Western Africa

In 2022, shipments abroad of sack kraft paper decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sack kraft paper exports dropped rapidly to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. The following exporters - Cote d'Ivoire (X tons) and Ghana (X tons) - together made up X% of total exports.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. From 2012 to 2022, the share of Senegal and Cote d'Ivoire increased by X and X percentage points, respectively.

In value terms, Senegal ($X) remains the largest sack kraft paper supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal 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).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Senegal ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Sack Kraft Paper Imports

Imports in Western Africa

In 2022, sack kraft paper imports in Western Africa totaled X tons, picking up by X% on 2021 figures. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, sack kraft paper imports surged to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the key importer of sack kraft paper, committing X% of total imports. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%). Mauritania (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the sack kraft paper imports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%), Ghana (X%) and Mauritania (X%) displayed positive paces of growth. By contrast, Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Ghana increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported sack kraft paper in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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