Western Africa: Chemical Wood Pulp Market 2024

Chemical Wood Pulp Market Size in Western Africa

The West African chemical wood pulp market surged to $X in 2023, increasing by X% against the previous year. Overall, consumption continues to indicate strong growth. The level of consumption peaked in 2023 and is expected to retain growth in the near future.

Chemical Wood Pulp Production in Western Africa

In value terms, chemical wood pulp production shrank rapidly to $X in 2023 estimated in export price. In general, production enjoyed a resilient expansion. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Chemical Wood Pulp Exports

Exports in Western Africa

In 2023, shipments abroad of chemical wood pulp decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, chemical wood pulp exports dropped markedly to $X in 2023. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Mauritania represented the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Senegal (X tons), comprising a X% share of total exports. Ghana (X tons) held a relatively small share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mauritania (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mauritania ($X) remains the largest chemical wood pulp supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

In Mauritania, chemical wood pulp exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Senegal ($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 a decline in the export price figures.

Chemical Wood Pulp Imports

Imports in Western Africa

In 2023, approx. X tons of chemical wood pulp were imported in Western Africa; picking up by X% against the previous year. Overall, imports posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in years to come.

In value terms, chemical wood pulp imports surged to $X in 2023. In general, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Nigeria represented the key importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Ghana (X tons), Senegal (X tons) and Cote d'Ivoire (X tons), together generating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to chemical wood pulp imports into Nigeria stood at X%. At the same time, Ghana (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Ghana (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported chemical wood pulp in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price showed notable growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal ($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 more modest paces of growth.

Source: IndexBox Platform