Western Africa: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in Western Africa

For the fourth year in a row, the West African paper pulp moulded articles market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption enjoyed resilient growth. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in years to come.

Production of Moulded Or Pressed Articles Of Paper Pulp in Western Africa

In value terms, paper pulp moulded articles production declined significantly to $X in 2023 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then declined sharply in the following year.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports in Western Africa

In 2023, paper pulp moulded articles exports in Western Africa expanded sharply to X tons, surging by X% against 2022 figures. In general, exports continue to indicate a pronounced increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, paper pulp moulded articles exports skyrocketed to $X in 2023. Overall, exports showed tangible growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Cote d'Ivoire (X tons) was the major exporter of moulded or pressed articles of paper pulp, constituting X% of total exports. It was distantly followed by Nigeria (X tons), generating an X% share of total exports. Mali (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to paper pulp moulded articles exports from Cote d'Ivoire stood at X%. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Mali (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Mali (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) remains the largest paper pulp moulded articles supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire totaled X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in the immediate term.

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 Nigeria ($X per ton), while Mali ($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 Moulded Or Pressed Articles Of Paper Pulp

Imports in Western Africa

Paper pulp moulded articles imports shrank to X tons in 2023, with a decrease of X% on the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, paper pulp moulded articles imports fell to $X in 2023. Total imports indicated mild 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. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the main importing country with an import of around X tons, which reached X% of total imports. Senegal (X tons) held the second position in the ranking, followed by Nigeria (X tons). All these countries together took near X% share of total imports. Ghana (X tons), Togo (X tons), Niger (X tons) and Cabo Verde (X tons) followed a long way behind the leaders.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of imports of moulded or pressed articles of paper pulp. At the same time, Nigeria (X%), Togo (X%), Niger (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) and Cabo Verde (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Togo, Ghana and Niger increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported moulded or pressed articles of paper pulp in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire was relatively modest. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then fell modestly in the following year.

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 Niger ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform