Western Africa: Market for Rigid Tubes, Pipes and Hoses, of Other Polymers 2024

Market Size for Rigid Tubes, Pipes and Hoses, of Other Polymers in Western Africa

The West African market for rigid tubes, pipes and hoses, of other polymers skyrocketed to $X in 2023, picking up by X% against the previous year. The total consumption indicated a modest 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. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses, of Other Polymers in Western Africa

In value terms, production of rigid tubes, pipes and hoses, of other polymers soared to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production of growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Exports in Western Africa

In 2023, shipments abroad of rigid tubes, pipes and hoses, of other polymers increased by X% to X tons, rising for the third year in a row after four years of decline. In general, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports of hit record highs at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, exports of rigid tubes, pipes and hoses, of other polymers totaled $X in 2023. Overall, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Ghana was the largest exporter of rigid tubes, pipes and hoses, of other polymers in Western Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Cote d'Ivoire (X tons), Togo (X tons) and Nigeria (X tons), together comprising a X% share of total exports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to rigid tubes, pipes and hoses, of other polymers exports from Ghana stood at X%. At the same time, Cote d'Ivoire (X%), Senegal (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Togo (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Cote d'Ivoire, Nigeria and Senegal increased by X, X, X and X percentage points, respectively.

In value terms, Ghana ($X) emerged as the largest rigid tubes, pipes and hoses, of other polymers supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Ghana, exports of rigid tubes, pipes and hoses, of other polymers 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: Cote d'Ivoire (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the export prices failed to regain momentum.

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 Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Imports of Rigid Tubes, Pipes and Hoses, of Other Polymers

Imports in Western Africa

In 2023, imports of rigid tubes, pipes and hoses, of other polymers in Western Africa surged to X tons, picking up by X% compared with the previous year. Over the period under review, imports showed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of rigid tubes, pipes and hoses, of other polymers soared to $X in 2023. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria (X tons) and Senegal (X tons) were the largest importers of rigid tubes, pipes and hoses, of other polymers in 2023, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X tons), Mauritania (X tons), Burkina Faso (X tons) and Ghana (X tons), together mixing up a X% share of total imports. Togo (X tons) took a little share of total imports.

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

In value terms, the largest rigid tubes, pipes and hoses, of other polymers importing markets in Western Africa were Senegal ($X), Mauritania ($X) and Cote d'Ivoire ($X), together comprising X% of total imports.

Cote d'Ivoire, with a CAGR of X%, recorded 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 Western Africa stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritania ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform