Western Africa: Market for Bottles, Jars And Other Containers Of Glass 2024

Market Size for Bottles, Jars And Other Containers Of Glass in Western Africa

After five years of growth, the West African market for bottles, jars and other containers of glass decreased by -29.6% to $X in 2021. Overall, consumption, however, recorded strong growth. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Bottles, Jars And Other Containers Of Glass in Western Africa

In value terms, glass bottle, jar and container production shrank remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 149%. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Exports of Bottles, Jars And Other Containers Of Glass

Exports in Western Africa

In 2021, approx. X units of bottles, jars and other containers of glass were exported in Western Africa; picking up by 357% compared with the year before. In general, exports posted a buoyant increase. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, glass bottle, jar and container exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a notable expansion. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria dominates exports structure, finishing at X units, which was approx. 85% of total exports in 2021. Benin (X units) ranks second in terms of the total exports with a 6.9% share, followed by Senegal (5.4%).

Exports from Nigeria increased at an average annual rate of +18.8% from 2012 to 2021. At the same time, Benin (+27.9%) and Senegal (+4.3%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +27.9% from 2012-2021. From 2012 to 2021, the share of Nigeria and Benin increased by +19 and +4.2 percentage points, respectively.

In value terms, Nigeria ($X) emerged as the largest glass bottle, jar and container supplier in Western Africa, comprising 84% of total exports. The second position in the ranking was held by Senegal ($X), with a 9.1% share of total exports.

In Nigeria, glass bottle, jar and container exports increased at an average annual rate of +3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+4.2% per year) and Benin (+35.0% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, growing by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 12%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+5.6%), while the other leaders experienced a decline in the export price figures.

Imports of Bottles, Jars And Other Containers Of Glass

Imports in Western Africa

In 2021, overseas purchases of bottles, jars and other containers of glass increased by 21% to X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, glass bottle, jar and container imports stood at $X in 2021. Total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.0% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 52%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Ghana (X units) and Cote d'Ivoire (X units) represented the largest importers of bottles, jars and other containers of glass in Western Africa, together making up 50% of total imports. Burkina Faso (X units) held the next position in the ranking, followed by Senegal (X units), Nigeria (X units), Cabo Verde (X units), Togo (X units) and Benin (X units). All these countries together took near 43% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cabo Verde (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass bottle, jar and container importing markets in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Burkina Faso ($X), together accounting for 57% of total imports. These countries were followed by Nigeria, Senegal, Cabo Verde, Togo and Benin, which together accounted for a further 36%.

Among the main importing countries, Cabo Verde, with a CAGR of +22.6%, recorded the highest growth rate of 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 unit in 2021, declining by -11% against the previous year. Over the period under review, the import price showed a perceptible setback. The growth pace was the most rapid in 2020 when the import price increased by 11% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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