Western Africa: Plastic Supports Market 2024

Plastic Supports Market Size in Western Africa

In 2022, the West African plastic supports market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated buoyant 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Supports Production in Western Africa

In value terms, plastic supports production amounted to $X in 2022 estimated in export price. The total production indicated prominent 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 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Plastic Supports Exports

Exports in Western Africa

In 2022, exports of spools, cops, bobbins and similar supports of plastics in Western Africa declined rapidly to X tons, waning by X% against 2021 figures. In general, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, plastic supports exports reduced slightly to $X in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Senegal (X tons) represented the main exporter of spools, cops, bobbins and similar supports of plastics, generating X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%).

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

In Senegal, plastic supports exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a 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 Senegal ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Plastic Supports Imports

Imports in Western Africa

After three years of growth, purchases abroad of spools, cops, bobbins and similar supports of plastics decreased by X% to X tons in 2022. In general, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, plastic supports imports contracted dramatically to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Ghana represented the largest importing country with an import of about X tons, which recorded X% of total imports. Mali (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Senegal (X%). The following importers - Mauritania (X tons) and Cabo Verde (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic supports imports into Ghana stood at X%. At the same time, Cabo Verde (X%), Senegal (X%), Mali (X%), Mauritania (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Ghana (X p.p.), Senegal (X p.p.), Mali (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported spools, cops, bobbins and similar supports of plastics in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total imports. It was followed by Mali, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 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 2021 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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