ECOWAS: Plastic Support Market 2024

Plastic Support Market Size in ECOWAS

The ECOWAS plastic support market reached $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a measured expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Plastic Support Production in ECOWAS

In value terms, plastic support production totaled $X in 2023 estimated in export price. Over the period under review, production showed a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Plastic Support Exports

Exports in ECOWAS

In 2023, exports of spools, cops and similar supports of plastics in ECOWAS surged to X tons, with an increase of X% against the previous year. Over the period under review, exports showed a resilient expansion. 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 tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, plastic support exports skyrocketed to $X in 2023. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) and Cote d'Ivoire (X tons) represented the major exporters of spools, cops and similar supports of plastics in 2023, amounting to approx. X% and X% of total exports, respectively. Senegal (X tons) took the next position in the ranking, distantly followed by Burkina Faso (X tons) and Togo (X tons). All these countries together took near X% share 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 Burkina Faso (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic support supplying countries in ECOWAS were Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X), with a combined X% share of total exports. Togo and Burkina Faso lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Burkina Faso, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the export price in ECOWAS amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Plastic Support Imports

Imports in ECOWAS

Plastic support imports shrank to X tons in 2023, with a decrease of X% against 2022 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, plastic support imports reduced slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Nigeria (X tons), distantly followed by Senegal (X tons), Cote d'Ivoire (X tons), Ghana (X tons), Mali (X tons), Burkina Faso (X tons) and Guinea (X tons) were the key importers of spools, cops and similar supports of plastics, together committing X% of total imports. Sierra Leone (X tons) followed a long way behind the leaders.

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

In value terms, Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Ghana, Mali, Guinea, Burkina Faso and Sierra Leone lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached 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 Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform