Western Africa: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Western Africa

The West African vulcanised cellular rubber articles market expanded markedly to $X in 2022, picking up by X% against the previous year. Overall, consumption saw prominent growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Western Africa

In value terms, vulcanised cellular rubber articles production expanded markedly to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. 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 Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Western Africa

In 2022, approx. X tons of vulcanised cellular rubber articles for technical uses were exported in Western Africa; declining by X% on the year before. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles exports reduced modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. Sierra Leone (X kg) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%).

From 2012 to 2022, average annual rates of growth with regard to vulcanised cellular rubber articles exports from Senegal stood at X%. At the same time, Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal and Sierra Leone increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest vulcanised cellular rubber articles supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports.

In Senegal, vulcanised cellular rubber articles exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, 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 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 Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Western Africa

In 2022, the amount of vulcanised cellular rubber articles for technical uses imported in Western Africa surged to X tons, growing by X% compared with 2021 figures. Overall, imports saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, vulcanised cellular rubber articles imports shrank to $X in 2022. Total imports indicated a measured increase 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 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined slightly in the following year.

Imports by Country

Nigeria was the main importer of vulcanised cellular rubber articles for technical uses in Western Africa, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%), Burkina Faso (X%) and Cote d'Ivoire (X%). Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Senegal ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Cote d'Ivoire, Guinea and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. Over the period under review, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat 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 Guinea ($X per ton), while Nigeria ($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 a decline in the import price figures.

Source: IndexBox Platform

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