Western Africa: Calendering Cylinder Market 2024

Calendering Cylinder Market Size in Western Africa

In 2021, after three years of growth, there was decline in the West African calendering cylinder market, when its value decreased by -1.2% to $X. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Calendering Cylinder Production in Western Africa

In value terms, calendering cylinder production fell to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +54.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped slightly in the following year.

Calendering Cylinder Exports

Exports in Western Africa

Calendering cylinder exports soared to X units in 2021, increasing by 193% on 2020 figures. In general, exports recorded notable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 223%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, calendering cylinder exports soared to $X in 2021. Over the period under review, exports recorded prominent growth. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, resulting at X units, which was approx. 81% of total exports in 2021. Ghana (X units) took a 9.4% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (7.4%).

Nigeria was also the fastest-growing in terms of the cylinders for calendering exports, with a CAGR of +51.8% from 2012 to 2021. At the same time, Ghana (+7.7%) displayed positive paces of growth. By contrast, Burkina Faso (-21.9%) illustrated a downward trend over the same period. While the share of Nigeria (+78 p.p.), Burkina Faso (+7.4 p.p.) and Ghana (+2.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest calendering cylinder supplier in Western Africa, comprising 63% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +66.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (+17.0% per year) and Ghana (+6.0% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, picking up by 47% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 143% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Burkina Faso ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Burkina Faso (+49.8%), while the other leaders experienced mixed trends in the export price figures.

Calendering Cylinder Imports

Imports in Western Africa

Calendering cylinder imports declined markedly to X units in 2021, falling by -42% on the previous year's figure. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 464% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, calendering cylinder imports dropped notably to $X in 2021. In general, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 247% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria prevails in imports structure, amounting to X units, which was approx. 92% of total imports in 2021. The following importers - Ghana (X units) and Gambia (X units) - each finished at a 3.7% share of total imports.

Nigeria was also the fastest-growing in terms of the cylinders for calendering imports, with a CAGR of +54.2% from 2012 to 2021. At the same time, Gambia (+17.6%) and Ghana (+9.8%) displayed positive paces of growth. Nigeria (+67 p.p.) significantly strengthened its position in terms of the total imports, while Gambia and Ghana saw its share reduced by -3.7% and -9.5% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported cylinders for calendering in Western Africa, comprising 70% of total imports. The second position in the ranking was taken by Ghana ($X), with a 6.1% share of total imports.

In Nigeria, calendering cylinder imports expanded at an average annual rate of +44.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+1.1% per year) and Gambia (+17.4% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per unit, increasing by 45% against the previous year. Overall, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 51%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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