Report Update Feb 1, 2025

Western Africa - Folding Boxboard - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Folding Boxboard Market 2025

Folding Boxboard Exports

Exports in Western Africa

In 2021, folding boxboard exports in Western Africa soared to X tons, rising by 136% compared with 2020. Overall, exports posted a noticeable increase. The pace of growth was the most pronounced in 2019 when exports increased by 201% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, folding boxboard exports skyrocketed to $X in 2021. In general, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Benin was the main exporter of folding boxboard in Western Africa, with the volume of exports accounting for X tons, which was near 51% of total exports in 2021. Togo (X tons) held the second position in the ranking, distantly followed by Senegal (X tons) and Cote d'Ivoire (X tons). All these countries together took near 41% share of total exports. The following exporters - Sierra Leone (X tons) and Nigeria (X tons) - together made up 6.4% of total exports.

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +151.9%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Benin ($X) emerged as the largest folding boxboard supplier in Western Africa, comprising 91% of total exports. The second position in the ranking was held by Senegal ($X), with a 3.1% share of total exports. It was followed by Nigeria, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Benin totaled +207.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (-20.1% per year) and Nigeria (+1.6% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, growing by 297% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Benin ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+22.2%), while the other leaders experienced more modest paces of growth.

Folding Boxboard Imports

Imports in Western Africa

In 2021, supplies from abroad of folding boxboard decreased by -20.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.7% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 55% against the previous year. The volume of import peaked at X tons in 2020, and then contracted sharply in the following year.

In value terms, folding boxboard imports declined sharply to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2021, Nigeria (X tons), distantly followed by Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons) represented the largest importers of folding boxboard, together committing 95% of total imports. Togo (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +22.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported folding boxboard in Western Africa, comprising 56% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 20% share of total imports. It was followed by Senegal, with an 8.1% share.

In Nigeria, folding boxboard imports decreased by an average annual rate of -2.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+8.9% per year) and Senegal (+5.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, surging by 6.6% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2020 when the import price increased by 18% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Togo ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+12.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for folding boxboard in Western Africa?

The country with the largest volume of folding boxboard consumption was Ghana, comprising approx. 62% of total volume. Moreover, folding boxboard consumption in Ghana exceeded the figures recorded by the second-largest consumer, Nigeria, threefold. The third position in this ranking was occupied by Cote d'Ivoire, with a 10% share.

What are the leading exporters of folding boxboard in Western Africa?

In value terms, the largest folding boxboard supplying countries in Western Africa were Benin, Sierra Leone and Cote d'Ivoire, together accounting for 84% of total exports.

What are the leading importers of folding boxboard in Western Africa?

In value terms, Nigeria constitutes the largest market for imported folding boxboard in Western Africa, comprising 61% of total imports. The second position in the ranking was occupied by Cote d'Ivoire, with a 17% share of total imports. It was followed by Senegal, with an 8.5% share.

What is the average export price for folding boxboard in Western Africa?

In 2021, the export price in Western Africa amounted to $1,318 per ton, surging by 38% against the previous year.

What is the average import price for folding boxboard in Western Africa?

In 2021, the import price in Western Africa amounted to $661 per ton, shrinking by -1.9% against the previous year.

This report provides an in-depth analysis of the folding boxboard 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:

FCL 1618 - Cartonboard

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
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, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024