Western Africa: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Western Africa

After two years of growth, the West African market for polyethylene with a specific gravity of less than X, in primary forms decreased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Western Africa

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports in Western Africa

Exports of polyethylene with a specific gravity of less than X, in primary forms declined sharply to X tons in 2022, dropping by X% on the previous year's figure. Overall, exports, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms dropped significantly to $X in 2022. Over the period under review, exports showed a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Nigeria prevails in forms structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Senegal (X tons), committing a X% share of total exports.

Nigeria was also the fastest-growing in terms of the polyethylene with a specific gravity of less than X, in primary forms exports, with a CAGR of X% from 2012 to 2022. Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points.

In value terms, Nigeria ($X) remains the largest polyethylene with a specific gravity of less than X supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports in Western Africa

In 2022, purchases abroad of polyethylene with a specific gravity of less than X, in primary forms decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Nigeria represented the largest importer of polyethylene with a specific gravity of less than X, in primary forms in Western Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a X% share, followed by Togo (X%), Ghana (X%) and Senegal (X%).

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Togo (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nigeria ($X per ton) and Ghana ($X per ton), while Togo ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :