ECOWAS: Semi-Chemical Fluting Market 2024

Semi-Chemical Fluting Market Size in ECOWAS

The ECOWAS semi-chemical fluting market reached $X in 2021, picking up by 4.1% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Semi-Chemical Fluting Production in ECOWAS

In value terms, semi-chemical fluting production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Semi-Chemical Fluting Exports

Exports in ECOWAS

In 2021, shipments abroad of semi-chemical fluting increased by 461% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-chemical fluting exports surged to $X in 2021. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Ghana (X tons), distantly followed by Senegal (X tons) were the major exporters of semi-chemical fluting, together constituting 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of +26.8%).

In value terms, the largest semi-chemical fluting supplying countries in ECOWAS were Ghana ($X) and Senegal ($X).

Senegal, with a CAGR of +22.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, declining by -11.4% against the previous year. Overall, the export price showed a perceptible slump. The pace of growth was the most pronounced in 2018 when the export price increased by 15%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-3.2%).

Semi-Chemical Fluting Imports

Imports in ECOWAS

Semi-chemical fluting imports declined rapidly to X tons in 2021, which is down by -23.9% compared with 2020 figures. Total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 70%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, semi-chemical fluting imports dropped to $X in 2021. Total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.4% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 45%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The countries with the highest levels of semi-chemical fluting imports in 2021 were Senegal (X tons), Cote d'Ivoire (X tons), Ghana (X tons) and Nigeria (X tons), together accounting for 96% of total import. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 83% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of imports, 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 2021, surging by 20% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Togo ($X per ton) and Cote d'Ivoire ($X per ton), while Senegal ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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