Western Africa: Plastic Extruder Market 2025

Plastic Extruder Market Size in Western Africa

In 2021, the West African plastic extruder market increased by 20% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Plastic Extruder Production in Western Africa

In value terms, plastic extruder production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 53%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Plastic Extruder Exports

Exports in Western Africa

In 2021, overseas shipments of extruders for working rubber or plastics increased by 30% to X units, rising for the third consecutive year after two years of decline. In general, exports enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, plastic extruder exports shrank remarkably to $X in 2021. Overall, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 1,120% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the major exporting country with an export of around X units, which resulted at 46% of total exports. Togo (X units) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (22%). The following exporters - Ghana (X units) and Cabo Verde (X units) - together made up 5.5% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cabo Verde (with a CAGR of +24.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic extruder supplying countries in Western Africa were Senegal ($X), Cote d'Ivoire ($X) and Togo ($X), with a combined 83% share of total exports.

In terms of the main exporting countries, Togo, with a CAGR of -0.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2021, with a decrease of -58.9% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 784%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ghana ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+5.8%), while the other leaders experienced a decline in the export price figures.

Plastic Extruder Imports

Imports in Western Africa

In 2021, overseas purchases of extruders for working rubber or plastics increased by 38% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, plastic extruder imports surged to $X in 2021. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 98%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Nigeria dominates imports structure, resulting at X units, which was near 79% of total imports in 2021. It was distantly followed by Cote d'Ivoire (X units), mixing up an 8.9% share of total imports. Togo (X units), Ghana (X units) and Guinea (X units) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to plastic extruder imports into Nigeria stood at +14.8%. At the same time, Guinea (+32.5%), Togo (+18.9%), Cote d'Ivoire (+9.4%) and Ghana (+4.6%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +32.5% from 2012-2021. Nigeria (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Ghana saw its share reduced by -3.4% and -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported extruders for working rubber or plastics in Western Africa, comprising 58% of total imports. The second position in the ranking was taken by Ghana ($X), with a 16% share of total imports. It was followed by Cote d'Ivoire, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +9.0%. In the other countries, the average annual rates were as follows: Ghana (+24.0% per year) and Cote d'Ivoire (+15.4% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, which is down by -4.4% against the previous year. Overall, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2014 when the import price increased by 33%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: 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 Togo (+19.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :