Western Africa: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Western Africa

The West African market for unsaturated polyesters in primary forms shrank slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a mild expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Western Africa

In value terms, unsaturated polyesters in primary forms production fell to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Unsaturated Polyesters In Primary Forms

Exports in Western Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of unsaturated polyesters in primary forms, when their volume decreased by X% to X tons. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, unsaturated polyesters in primary forms exports plummeted to $X in 2022. Overall, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mali (X tons) was the major exporter of unsaturated polyesters in primary forms, comprising X% of total exports. Togo (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Sierra Leone (X%).

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Mali ($X) remains the largest unsaturated polyesters in primary forms supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports.

In Mali, unsaturated polyesters in primary forms exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a deep contraction. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

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

Imports of Unsaturated Polyesters In Primary Forms

Imports in Western Africa

For the fifth year in a row, Western Africa recorded growth in purchases abroad of unsaturated polyesters in primary forms, which increased by X% to X tons in 2022. In general, imports posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, unsaturated polyesters in primary forms imports shrank to $X in 2022. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) dominates imports structure, together achieving X% of total imports. Ghana (X tons) held the next position in the ranking, followed by Senegal (X tons). All these countries together held near X% share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported unsaturated polyesters in primary forms in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform