Western Africa: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Western Africa

The West African market for flexible tubes, pipes and hoses of plastics, with fittings soared to $X in 2022, jumping by 21% against the previous year. Overall, consumption saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Western Africa

In value terms, production of flexible tubes, pipes and hoses of plastics, with fittings expanded remarkably to $X in 2022 estimated in export price. In general, production posted a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 56% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports in Western Africa

Exports of flexible tubes, pipes and hoses of plastics, with fittings contracted sharply to X tons in 2022, falling by -35.7% on the previous year. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 391%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings fell sharply to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 227%. The level of export peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Ghana was the major exporter of flexible tubes, pipes and hoses of plastics, with fittings in Western Africa, with the volume of exports accounting for X tons, which was approx. 53% of total exports in 2022. It was distantly followed by Togo (X tons), Senegal (X tons) and Sierra Leone (X tons), together making up a 41% share of total exports. Nigeria (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flexible tubes, pipes and hoses of plastics, with fittings exports from Ghana stood at -11.0%. At the same time, Sierra Leone (+47.0%), Togo (+22.5%) and Senegal (+22.2%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +47.0% from 2012-2022. By contrast, Nigeria (-4.6%) illustrated a downward trend over the same period. While the share of Togo (+23 p.p.), Senegal (+9.1 p.p.) and Sierra Leone (+6.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (-39.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest flexible tubes, pipes and hoses of plastics, with fittings supplier in Western Africa, comprising 61% of total exports. The second position in the ranking was taken by Ghana ($X), with a 22% share of total exports. It was followed by Sierra Leone, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Senegal amounted to +50.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (-6.5% per year) and Sierra Leone (+46.9% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 78% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+23.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports in Western Africa

In 2022, imports of flexible tubes, pipes and hoses of plastics, with fittings in Western Africa soared to X tons, picking up by 167% compared with the year before. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings soared to $X in 2022. Over the period under review, imports recorded strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 100% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which reached 66% of total imports. It was distantly followed by Benin (X tons), comprising a 19% share of total imports. The following importers - Senegal (X tons), Ghana (X tons), Burkina Faso (X tons) and Mauritania (X tons) - together made up 8.5% of total imports.

Imports into Nigeria increased at an average annual rate of +39.0% from 2012 to 2022. At the same time, Benin (+70.3%), Burkina Faso (+38.2%), Senegal (+16.4%), Mauritania (+9.2%) and Ghana (+1.6%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +70.3% from 2012-2022. Nigeria (+37 p.p.) and Benin (+18 p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Mauritania and Ghana saw its share reduced by -4.2%, -6.4% and -22.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported flexible tubes, pipes and hoses of plastics, with fittings in Western Africa, comprising 35% of total imports. The second position in the ranking was taken by Benin ($X), with a 16% share of total imports. It was followed by Ghana, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled +24.8%. In the other countries, the average annual rates were as follows: Benin (+52.5% per year) and Ghana (-1.7% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, dropping by -47.6% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 24% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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