Western Africa: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Western Africa

The West African market for plastic fittings for tubes, pipes and hoses expanded modestly to $X in 2023, surging by X% against the previous year. The total consumption indicated a perceptible 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in Western Africa

In value terms, production of plastic fittings for tubes, pipes and hoses rose modestly to $X in 2023 estimated in export price. The total production indicated a tangible 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 2017 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in Western Africa

In 2023, the amount of plastic fittings for tubes, pipes and hoses exported in Western Africa declined markedly to X tons, with a decrease of X% against the previous year's figure. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports of attained the maximum at X tons in 2022, and then contracted dramatically in the following year.

In value terms, exports of plastic fittings for tubes, pipes and hoses fell dramatically to $X in 2023. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2022, and then declined rapidly in the following year.

Exports by Country

Cote d'Ivoire dominates hoses structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Togo (X tons), constituting a X% share of total exports. Ghana (X tons) held a little share of total exports.

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

In value terms, Cote d'Ivoire ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Cote d'Ivoire, exports of plastic fittings for tubes, pipes and hoses expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Togo (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2022 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.

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 ($X per ton), while Togo ($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 mixed trends in the export price figures.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in Western Africa

Imports of plastic fittings for tubes, pipes and hoses declined to X tons in 2023, approximately reflecting 2022 figures. Total imports indicated buoyant growth 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 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of plastic fittings for tubes, pipes and hoses dropped to $X in 2023. Total imports indicated a resilient 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 pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Nigeria was the largest importer of plastic fittings for tubes, pipes and hoses in Western Africa, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Ghana (X tons) held the second position in the ranking, followed by Senegal (X tons), Cote d'Ivoire (X tons) and Togo (X tons). All these countries together held approx. X% share of total imports. Mali (X tons), Benin (X tons), Burkina Faso (X tons), Guinea (X tons), Sierra Leone (X tons), Gambia (X tons), Mauritania (X tons) and Cabo Verde (X tons) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%), Guinea (X%), Cote d'Ivoire (X%), Senegal (X%), Mali (X%), Benin (X%), Burkina Faso (X%), Gambia (X%), Mauritania (X%), Sierra Leone (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Cabo Verde experienced a relatively flat trend pattern. From 2012 to 2023, the share of Cote d'Ivoire, Togo, Senegal, Guinea, Mali and Benin increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Togo, 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

The import price in Western Africa stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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 Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform