Western Africa: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Western Africa

The West African market for cellular plates, sheets and films of polyymers of styrene rose remarkably to $X in 2023, surging by X% against the previous year. Overall, consumption showed a temperate expansion. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Western Africa

In value terms, production of cellular plates, sheets and films of polyymers of styrene expanded significantly to $X in 2023 estimated in export price. Overall, production continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports in Western Africa

After four years of growth, shipments abroad of cellular plates, sheets and films of polyymers of styrene decreased by X% to X tons in 2023. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2023. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then reduced in the following year.

Exports by Country

Sierra Leone dominates styrene structure, accounting for X tons, which was near X% of total exports in 2023. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to polystyrene cellular plates, sheets and films exports from Sierra Leone stood at X%. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while Togo saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Sierra Leone ($X) remains the largest polystyrene cellular plates, sheets and films supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports.

In Sierra Leone, exports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

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 Sierra Leone ($X per ton), while Togo amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%).

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports in Western Africa

In 2023, after two years of decline, there was significant growth in purchases abroad of cellular plates, sheets and films of polyymers of styrene, when their volume increased by X% to X tons. In general, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene dropped to $X in 2023. Over the period under review, imports showed a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

Nigeria prevails in styrene structure, accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Burkina Faso (X tons), creating a X% share of total imports. The following importers - Senegal (X tons) and Cote d'Ivoire (X tons) - together made up X% of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported cellular plates, sheets and films of polyymers of styrene in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Nigeria, imports of cellular plates, sheets and films of polyymers of styrene expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2022 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform