Western Africa: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Western Africa

In 2023, after two years of growth, there was significant decline in the West African polypropylene in primary forms market, when its value decreased by X% to $X. The total consumption indicated a notable 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Polypropylene in Primary Forms in Western Africa

In value terms, polypropylene in primary forms production totaled $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Polypropylene in Primary Forms

Exports in Western Africa

In 2023, approx. X tons of polypropylene in primary forms were exported in Western Africa; remaining constant against 2022. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, polypropylene in primary forms exports fell markedly to $X in 2023. Over the period under review, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Nigeria represented the main exporter of polypropylene in primary forms in Western Africa, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Ghana (X tons) held the second position in the ranking, followed by Senegal (X tons) and Togo (X tons). All these countries together held near X% share of total exports. The following exporters - Mauritania (X tons), Sierra Leone (X tons) and Mali (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms supplying countries in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), together accounting for X% of total exports.

Among the main exporting countries, Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 2023, falling by X% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Togo ($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 more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports in Western Africa

In 2023, imports of polypropylene in primary forms in Western Africa fell to X tons, declining by X% on the previous year's figure. Total imports indicated a moderate expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, polypropylene in primary forms imports declined remarkably to $X in 2023. In general, imports, however, posted measured growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then dropped dramatically in the following year.

Imports by Country

Nigeria was the largest importing country with an import of around X tons, which resulted at X% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a X% share, followed by Togo (X%) and Ghana (X%). Senegal (X tons) and Guinea (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%), Togo (X%), Ghana (X%), Senegal (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Cote d'Ivoire (X p.p.), Togo (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, polypropylene in primary forms imports 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 Togo (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price showed a mild downturn. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Guinea ($X per ton) and Senegal ($X per ton), while Togo ($X per ton) and Ghana ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform