Western Africa: Fibreboard Market 2025

Fibreboard Market Size in Western Africa

The West African fibreboard market rose slightly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Fibreboard Production in Western Africa

In value terms, fibreboard production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Fibreboard Exports

Exports in Western Africa

In 2022, approx. X cubic meters of fibreboard were exported in Western Africa; with an increase of X% against the year before. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, fibreboard exports fell remarkably to $X in 2022. In general, exports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Ghana (X cubic meters), Senegal (X cubic meters) and Cote d'Ivoire (X cubic meters), together amounting to X% of total export. Mauritania (X cubic meters) and Nigeria (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mauritania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fibreboard supplying countries in Western Africa were Cote d'Ivoire ($X), Ghana ($X) and Mauritania ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in Western Africa stood at $X per cubic meter in 2022, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per cubic meter. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritania ($X per cubic meter), while Senegal ($X per cubic meter) was amongst the lowest.

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

Fibreboard Imports

Imports in Western Africa

In 2022, overseas purchases of fibreboard decreased by X% to X cubic meters, falling for the third consecutive year after five years of growth. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X cubic meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fibreboard imports fell to $X in 2022. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria was the main importing country with an import of around X cubic meters, which accounted for X% of total imports. It was distantly followed by Ghana (X cubic meters), Sierra Leone (X cubic meters), Senegal (X cubic meters), Guinea (X cubic meters), Gambia (X cubic meters) and Cabo Verde (X cubic meters), together achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

In Nigeria, fibreboard imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per cubic meter in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Cabo Verde ($X per cubic meter), while Sierra Leone ($X per cubic meter) was amongst the lowest.

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

Source: IndexBox Platform

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