Western Africa: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Western Africa

The West African market for PVC floor, wall and ceiling coverings soared to $X in 2023, picking up by X% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of PVC Floor, Wall and Ceiling Coverings in Western Africa

In value terms, production of PVC floor, wall and ceiling coverings rose modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production of growth failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports in Western Africa

In 2023, the amount of PVC floor, wall and ceiling coverings exported in Western Africa dropped sharply to X square meters, waning by X% against the previous year. In general, exports recorded a mild decrease. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X square meters in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of PVC floor, wall and ceiling coverings shrank markedly to $X in 2023. Overall, exports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the largest exporter of PVC floor, wall and ceiling coverings in Western Africa, with the volume of exports reaching X square meters, which was approx. X% of total exports in 2023. Nigeria (X square meters) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%), Togo (X%) and Liberia (X%). The following exporters - Gambia (X square meters) and Senegal (X square meters) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to PVC floor, wall and ceiling coverings exports from Cote d'Ivoire stood at X%. At the same time, Gambia (X%), Senegal (X%), Nigeria (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Togo (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Togo (X p.p.), Nigeria (X p.p.), Liberia (X p.p.), Gambia (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Togo ($X), Cote d'Ivoire ($X) and Liberia ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Senegal, Gambia, Nigeria and Ghana lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Gambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 Western Africa amounted to $X per square meter, surging by X% against the previous year. In general, the export price, however, recorded a mild downturn. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per square meter), while Ghana ($X per square meter) 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 more modest paces of growth.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports in Western Africa

In 2023, purchases abroad of PVC floor, wall and ceiling coverings decreased by X% to X square meters, falling for the third year in a row after three years of growth. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X square meters in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of PVC floor, wall and ceiling coverings reached $X in 2023. Over the period under review, imports saw a perceptible setback. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the major importing country with an import of around X square meters, which finished at X% of total imports. Liberia (X square meters) held the second position in the ranking, followed by Guinea (X square meters), Mauritania (X square meters), Cote d'Ivoire (X square meters), Gambia (X square meters) and Sierra Leone (X square meters). All these countries together held approx. X% share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2023. At the same time, Mauritania (X%), Guinea (X%), Liberia (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Liberia, Guinea, Mauritania, Gambia and Cote d'Ivoire increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported PVC floor, wall and ceiling coverings in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Guinea ($X), with a X% share of total imports. It was followed by Liberia, with a X% share.

In Nigeria, imports of PVC floor, wall and ceiling coverings declined by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Liberia (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per square meter in 2023, increasing by X% against the previous year. Import price indicated perceptible growth from 2012 to 2023: its price 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, import price for PVC floor, wall and ceiling coverings increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per square meter in 2014; afterwards, it flattened through to 2023.

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

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

Source: IndexBox Platform