Western Africa: Market for Finishing Agents Used In The Paper Industry 2024

Market Size for Finishing Agents Used In The Paper Industry in Western Africa

In 2022, the West African paper industry finishing agents market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Finishing Agents Used In The Paper Industry in Western Africa

In value terms, paper industry finishing agents production declined to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Finishing Agents Used In The Paper Industry

Exports in Western Africa

In 2018, overseas shipments of finishing agents used in the paper industry decreased by X% to X kg, falling for the third year in a row after two years of growth. Overall, exports faced a dramatic descent. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2018, the exports remained at a lower figure.

In value terms, paper industry finishing agents exports stood at $X in 2018. Over the period under review, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2018, Ghana (X kg) represented the major exporter of finishing agents used in the paper industry in Western Africa, comprising X% of total export.

Ghana was also the fastest-growing in terms of the finishing agents used in the paper industry exports, with a CAGR of X% from 2012 to 2018. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2018, the average annual growth rate of value in Ghana totaled X%.

Export Prices by Country

In 2018, the export price in Western Africa amounted to $X per ton, approximately reflecting the previous year. In general, the export price saw a deep setback. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2018, the rate of growth in terms of prices for Ghana amounted to X% per year.

Imports of Finishing Agents Used In The Paper Industry

Imports in Western Africa

In 2022, approx. X tons of finishing agents used in the paper industry were imported in Western Africa; surging by X% against the previous year's figure. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, paper industry finishing agents imports rose markedly to $X in 2022. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Ghana (X tons), constituting a X% share of total imports. Cote d'Ivoire (X tons) and Gambia (X tons) followed a long way behind the leaders.

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

In value terms, Nigeria ($X) constitutes the largest market for imported finishing agents used in the paper industry in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a slight decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then declined significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :