Report Update Nov 1, 2024

Western Africa - Erasers of Vulcanised Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Exports

Exports in Western Africa

Vulcanised rubber erases exports soared to X tons in 2021, with an increase of 435% against the previous year's figure. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber erases exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Liberia prevails in exports structure, resulting at X tons, which was approx. 82% of total exports in 2021. It was distantly followed by Togo (X kg), constituting a 7.2% share of total exports. The following exporters - Ghana (X kg), Sierra Leone (X kg) and Guinea (X kg) - together made up 10% of total exports.

Liberia experienced a relatively flat trend pattern with regard to volume of exports of erasers of vulcanised rubber. At the same time, Guinea (+49.4%), Sierra Leone (+48.2%) and Togo (+20.1%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +49.4% from 2012-2021. By contrast, Ghana (-11.9%) illustrated a downward trend over the same period. While the share of Liberia (+82 p.p.), Sierra Leone (+3.2 p.p.) and Guinea (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ghana (-78.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) emerged as the largest vulcanised rubber erases supplier in Western Africa, comprising 60% of total exports. The second position in the ranking was held by Ghana ($X), with a 25% share of total exports. It was followed by Togo, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Liberia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+12.8% per year) and Togo (+17.8% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, with an increase of 76% against the previous year. Overall, the export price continues to indicate a pronounced expansion. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 Ghana ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+37.2%), while the other leaders experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports in Western Africa

In 2021, purchases abroad of erasers of vulcanised rubber increased by 29% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports posted a moderate increase. The pace of growth appeared the most rapid in 2013 when imports increased by 163% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports surged to $X in 2021. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 233% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria was the key importing country with an import of around X tons, which reached 52% of total imports. It was distantly followed by Ghana (X tons) and Togo (X tons), together achieving a 31% share of total imports. The following importers - Cote d'Ivoire (X tons), Guinea (X tons), Senegal (X tons) and Benin (X tons) - together made up 13% of total imports.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vulcanised rubber erases importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Guinea ($X), together comprising 84% of total imports. Senegal, Togo, Benin and Cote d'Ivoire lagged somewhat behind, together accounting for a further 11%.

Benin, with a CAGR of +36.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, surging by 33% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for erasers of vulcanised rubber in Western Africa?

Nigeria remains the largest vulcanised rubber erases consuming country in Western Africa, accounting for 61% of total volume. Moreover, vulcanised rubber erases consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, threefold. The third position in this ranking was occupied by Cote d'Ivoire, with a 7% share.

What are the leading suppliers of erasers of vulcanised rubber in Western Africa?

In value terms, the largest vulcanised rubber erases supplying countries in Western Africa were Ghana $360), Togo $306) and Sierra Leone $210), together accounting for 81% of total exports.

What are the leading importers of erasers of vulcanised rubber in Western Africa?

In value terms, the largest vulcanised rubber erases importing markets in Western Africa were Nigeria, Ghana and Senegal, together accounting for 84% of total imports. These countries were followed by Cote d'Ivoire and Guinea, which together accounted for a further 8.7%.

What is the average export price for erasers of vulcanised rubber in Western Africa?

In 2021, the vulcanised rubber erases export price in Western Africa amounted to $4,227 per ton, waning by -8.3% against the previous year.

What is the average import price for erasers of vulcanised rubber in Western Africa?

The vulcanised rubber erases import price in Western Africa stood at $2,088 per ton in 2021, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the vulcanised rubber erases market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22197321 - Erasers, of vulcanised rubber

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023