ECOWAS: Market for Plastic Baths, Shower-Baths, Sinks And Wash-Basins 2024

Market Size for Plastic Baths, Shower-Baths, Sinks And Wash-Basins in ECOWAS

The ECOWAS plastic bath or sink market dropped slightly to $X in 2023, leveling off at the previous year. Over the period under review, consumption, however, recorded a buoyant increase. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Plastic Baths, Shower-Baths, Sinks And Wash-Basins in ECOWAS

In value terms, plastic bath or sink production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production showed a strong increase. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Exports in ECOWAS

In 2023, the amount of plastic baths, shower-baths, sinks and wash-basins exported in ECOWAS soared to X units, with an increase of X% against 2022. In general, exports, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, plastic bath or sink exports surged to $X in 2023. Over the period under review, exports posted tangible growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria represented the largest exporter of plastic baths, shower-baths, sinks and wash-basins in ECOWAS, with the volume of exports accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Cote d'Ivoire (X units), constituting a X% share of total exports. Sierra Leone (X units) took a minor share of total exports.

Exports from Nigeria decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Cote d'Ivoire and Sierra Leone increased by X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest plastic bath or sink supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total exports.

In Cote d'Ivoire, plastic bath or sink exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2014 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2023, 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 Sierra Leone ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic Baths, Shower-Baths, Sinks And Wash-Basins

Imports in ECOWAS

In 2023, after three years of growth, there was significant decline in purchases abroad of plastic baths, shower-baths, sinks and wash-basins, when their volume decreased by X% to X units. Overall, imports, however, posted perceptible growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2022, and then shrank markedly in the following year.

In value terms, plastic bath or sink imports dropped to $X in 2023. In general, imports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

Nigeria represented the main importer of plastic baths, shower-baths, sinks and wash-basins in ECOWAS, with the volume of imports finishing at X units, which was near X% of total imports in 2023. Ghana (X units) took the second position in the ranking, followed by Cote d'Ivoire (X units), Burkina Faso (X units) and Senegal (X units). All these countries together took approx. X% share of total imports. Guinea (X units) and Mali (X units) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to plastic bath or sink imports into Nigeria stood at X%. At the same time, Burkina Faso (X%), Mali (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Guinea (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Cote d'Ivoire (X p.p.), Burkina Faso (X p.p.), Senegal (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Guinea (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported plastic baths, shower-baths, sinks and wash-basins in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, plastic bath or sink imports increased at an average annual rate of X% over the period from 2012-2023. 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 ECOWAS stood at $X per unit in 2023, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2023, 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