ECOWAS: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in ECOWAS

The ECOWAS propylene polymer rigid pipes market reached $X in 2023, therefore, remained relatively stable against the previous year. The total consumption indicated resilient growth 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. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in ECOWAS

In value terms, propylene polymer rigid pipes production expanded to $X in 2023 estimated in export price. The total production indicated a remarkable increase 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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

Exports in ECOWAS

In 2023, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were exported in ECOWAS; declining by X% compared with the previous year. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, propylene polymer rigid pipes exports reduced notably to $X in 2023. In general, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. The following exporters - Senegal (X tons), Mali (X tons), Nigeria (X tons) and Ghana (X tons) - each amounted to an X% share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the rigid tubes, pipes and hoses of polymers of propylene exports, with a CAGR of X% from 2012 to 2023. At the same time, Mali (X%) displayed positive paces of growth. By contrast, Ghana (X%), Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ghana (X p.p.), Senegal (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest propylene polymer rigid pipes supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

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

Imports in ECOWAS

In 2023, the amount of rigid tubes, pipes and hoses of polymers of propylene imported in ECOWAS totaled X tons, with an increase of X% on 2022. Overall, imports showed buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, propylene polymer rigid pipes imports reduced dramatically to $X in 2023. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of propylene polymer rigid pipes imports in 2023 were Nigeria (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons), together amounting to X% of total import. It was distantly followed by Guinea (X tons), generating a X% share of total imports. Benin (X tons), Cabo Verde (X tons), Ghana (X tons), Mali (X tons), Senegal (X tons), Niger (X tons) and Sierra Leone (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sierra Leone (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene polymer rigid pipes importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Guinea ($X), with a combined X% share of total imports. Cabo Verde, Senegal, Burkina Faso, Niger, Mali, Sierra Leone, Benin and Ghana lagged somewhat behind, together accounting for a further X%.

Sierra Leone, with a CAGR of X%, recorded the highest growth rate of 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 ECOWAS stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price showed a noticeable decline. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform