Western Africa: Polycarbonate Market 2024

Polycarbonate Market Size in Western Africa

The West African polycarbonate market expanded significantly to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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.

Polycarbonate Production in Western Africa

In value terms, polycarbonate production expanded significantly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Polycarbonate Exports

Exports in Western Africa

In 2023, shipments abroad of polycarbonates (in primary forms) decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, continue to indicate noticeable growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polycarbonate exports fell significantly to $X in 2023. In general, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Nigeria (X tons) represented the largest exporter of polycarbonates (in primary forms) in Western Africa, comprising X% of total export.

Nigeria was also the fastest-growing in terms of the polycarbonates (in primary forms) exports, with a CAGR of X% from 2012 to 2023. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest polycarbonate supplier in Western Africa.

In Nigeria, polycarbonate exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2023, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Polycarbonate Imports

Imports in Western Africa

In 2023, supplies from abroad of polycarbonates (in primary forms) decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, polycarbonate imports contracted rapidly to $X in 2023. Overall, imports showed a sharp downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Ghana was the largest importer of polycarbonates (in primary forms) in Western Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Nigeria (X tons) and Cote d'Ivoire (X tons), together achieving a X% share of total imports. Mali (X tons) held a minor share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) and Mali (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Cote d'Ivoire and Mali increased by X, X and X percentage points, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform