ECOWAS: Market for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in ECOWAS

For the sixth year in a row, the ECOWAS market for non-plasticised mixed polyvinyl chloride in primary forms recorded growth in sales value, which increased by 13% to $X in 2022. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.7% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms in ECOWAS

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms reached $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 24%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in ECOWAS

In 2022, the amount of non-plasticised mixed polyvinyl chloride in primary forms exported in ECOWAS reduced sharply to X tons, shrinking by -45.6% on the year before. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 106%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms declined sharply to $X in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 with an increase of 231% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the largest exporting country with an export of around X tons, which reached 59% of total exports. It was distantly followed by Senegal (X tons), mixing up a 38% share of total exports. Ghana (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of +64.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Cote d'Ivoire ($X) remains the largest non-plasticised mixed polyvinyl chloride in primary forms supplier in ECOWAS, comprising 72% of total exports. The second position in the ranking was held by Senegal ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled +64.1%. In the other countries, the average annual rates were as follows: Senegal (-8.0% per year) and Ghana (-22.0% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, dropping by -12.6% against the previous year. Export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-plasticised mixed polyvinyl chloride in primary forms increased by +10.1% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 61%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Ghana (+11.2%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in ECOWAS

In 2022, overseas purchases of non-plasticised mixed polyvinyl chloride in primary forms increased by 33% to X tons, rising for the sixth year in a row after two years of decline. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 69%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. Overall, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 74%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Nigeria prevails in forms structure, reaching X tons, which was approx. 83% of total imports in 2022. It was distantly followed by Guinea (X tons), making up a 4.5% share of total imports. Cote d'Ivoire (X tons), Togo (X tons), Ghana (X tons) and Benin (X tons) took a minor share of total imports.

Imports into Nigeria increased at an average annual rate of +18.2% from 2012 to 2022. At the same time, Guinea (+27.8%), Cote d'Ivoire (+25.5%) and Benin (+13.5%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +27.8% from 2012-2022. Togo experienced a relatively flat trend pattern. By contrast, Ghana (-4.2%) illustrated a downward trend over the same period. Nigeria (+17 p.p.), Togo (+3 p.p.), Guinea (+2.9 p.p.) and Cote d'Ivoire (+2 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -12.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-plasticised mixed polyvinyl chloride in primary forms in ECOWAS, comprising 82% of total imports. The second position in the ranking was taken by Guinea ($X), with a 5.1% share of total imports. It was followed by Cote d'Ivoire, with a 4.1% share.

In Nigeria, imports of non-plasticised mixed polyvinyl chloride in primary forms increased at an average annual rate of +10.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guinea (+28.5% per year) and Cote d'Ivoire (+22.3% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, flattening at the previous year. Overall, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 5.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Togo ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform