ECOWAS: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2024

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in ECOWAS

In 2023, the ECOWAS plastic pipe and hose market decreased by X% to $X for the first time since 2011, thus ending a eleven-year rising trend. The total consumption indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Production of Plastics Tubes, Pipes And Hoses, And Fitting in ECOWAS

In value terms, plastic pipe and hose production expanded remarkably to $X in 2023 estimated in export price. In general, production continues to indicate pronounced growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports in ECOWAS

In 2023, exports of plastics tubes, pipes and hoses, and fitting in ECOWAS expanded markedly to X tons, surging by X% on 2022. In general, exports saw prominent growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic pipe and hose exports reached $X in 2023. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) and Ghana (X tons) dominates exports structure, together achieving X% of total exports. It was distantly followed by Togo (X tons), achieving a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Togo ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Togo, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, 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 Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports in ECOWAS

In 2023, overseas purchases of plastics tubes, pipes and hoses, and fitting decreased by X% to X tons, falling for the second year in a row after five years of growth. Total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, plastic pipe and hose imports contracted to $X in 2023. Total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then declined in the following year.

Imports by Country

In 2023, Nigeria (X tons), Burkina Faso (X tons), Senegal (X tons), Benin (X tons), Ghana (X tons), Mali (X tons), Cote d'Ivoire (X tons), Guinea (X tons), Niger (X tons), Togo (X tons), Sierra Leone (X tons) and Gambia (X tons) was the key importer of plastics tubes, pipes and hoses, and fitting in ECOWAS, constituting X% of total import.

From 2012 to 2023, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Benin, Mali, Burkina Faso, Guinea, Ghana, Sierra Leone, Niger, Gambia and Togo lagged somewhat behind, together accounting for a further X%.

Benin, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in ECOWAS stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the 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 Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform