Western Africa: Market for Prepared Glues And Other Prepared Adhesives 2024

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Western Africa

In 2022, the amount of prepared glues and other prepared adhesives exported in Western Africa skyrocketed to X tons, rising by X% on the year before. Over the period under review, exports recorded a notable expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2022. Overall, exports saw a mild expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons) and Nigeria (X tons) represented roughly X% of total exports in 2022. Ghana (X tons) ranks next in terms of the total exports with a X% share, followed by Senegal (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives supplying countries in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), with a combined X% share of total exports. Senegal lagged somewhat behind, accounting for a further X%.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Western Africa

Imports of prepared glues and other prepared adhesives soared to X tons in 2022, with an increase of X% compared with 2021 figures. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of prepared glues and other prepared adhesives rose significantly to $X in 2022. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Nigeria (X tons) represented the largest importer of prepared glues and other prepared adhesives, making up X% of total imports. Ghana (X tons) held the second position in the ranking, distantly followed by Senegal (X tons) and Cote d'Ivoire (X tons). All these countries together took near X% share of total imports. Guinea (X tons), Burkina Faso (X tons) and Mauritania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to prepared glues and other prepared adhesives imports into Nigeria stood at X%. At the same time, Guinea (X%), Ghana (X%), Senegal (X%), Mauritania (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. Ghana (X p.p.), Guinea (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2022, shrinking by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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