Western Africa: Artificial Filament Tow Market 2024

Artificial Filament Tow Market Size in Western Africa

The West African artificial filament tow market stood at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Artificial Filament Tow Production in Western Africa

In value terms, artificial filament tow production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Artificial Filament Tow Exports

Exports in Western Africa

In 2022, the amount of artificial filament tow exported in Western Africa reduced dramatically to X tons, which is down by X% compared with the previous year. Overall, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, artificial filament tow exports fell dramatically to $X in 2022. In general, exports, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined rapidly in the following year.

Exports by Country

In 2022, Ghana (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons) represented the key exporter of artificial filament tow in Western Africa, committing X% of total export. It was distantly followed by Togo (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest artificial filament tow supplying countries in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Togo ($X), together comprising X% of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($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 (X%), while the other leaders experienced more modest paces of growth.

Artificial Filament Tow Imports

Imports in Western Africa

In 2022, purchases abroad of artificial filament tow was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, artificial filament tow imports fell modestly to $X in 2022. Over the period under review, imports posted a slight expansion. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. The following importers - Burkina Faso (X tons) and Cote d'Ivoire (X tons) - each reached a X% share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of artificial filament tow. At the same time, Burkina Faso (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Burkina Faso increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported artificial filament tow in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artificial filament tow import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :