Report Update Nov 1, 2024

Western Africa - Glass Fiber Filaments - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Glass Fibre Filament Market 2024

Glass Fibre Filament Market Size in Western Africa

In 2021, after two years of decline, there was significant growth in the West African glass fibre filament market, when its value increased by 8.4% to $X. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -42.6% against 2016 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Glass Fibre Filament Production in Western Africa

In value terms, glass fibre filament production expanded remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Glass Fibre Filament Exports

Exports in Western Africa

In 2019, approx. X kg of glass fibre filaments were exported in Western Africa; which is down by -99.6% compared with 2018. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2015 with an increase of 222%. Over the period under review, the exports hit record highs at X tons in 2018, and then dropped notably in the following year.

In value terms, glass fibre filament exports reduced sharply to $X in 2019. Overall, exports showed a precipitous decline. The pace of growth appeared the most rapid in 2015 when exports increased by 575%. Over the period under review, the exports attained the peak figure at $X in 2018, and then declined significantly in the following year.

Exports by Country

In 2019, Nigeria (X kg) represented the major exporter of glass fibre filaments in Western Africa, committing 100% of total export.

Nigeria experienced a relatively flat trend pattern with regard to volume of exports of glass fibre filaments. While the share of Nigeria (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In Nigeria, glass fibre filament exports remained relatively stable over the period from 2013-2019.

Export Prices by Country

In 2019, the export price in Western Africa amounted to $X per ton, reducing by -15.6% against the previous year. In general, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 110% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2019, the export prices failed to regain momentum.

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

From 2013 to 2019, the rate of growth in terms of prices for Nigeria amounted to 0.0% per year.

Glass Fibre Filament Imports

Imports in Western Africa

In 2021, glass fibre filament imports in Western Africa skyrocketed to X tons, with an increase of 193% on the previous year. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 208%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

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

Imports by Country

Sierra Leone (X tons) and Ghana (X tons) dominates imports structure, together making up 73% of total imports. Nigeria (X tons) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (6.6%). The following importers - Cote d'Ivoire (X tons) and Togo (X tons) - each resulted at an 8.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sierra Leone (with a CAGR of +122.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament importing markets in Western Africa were Sierra Leone ($X), Nigeria ($X) and Ghana ($X), together comprising 85% of total imports.

In terms of the main importing countries, Sierra Leone, with a CAGR of +113.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, dropping by -2.7% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2019 when the import price increased by 87%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre filaments in Western Africa?

The countries with the highest volumes of glass fibre filament consumption in 2021 were Cote d'Ivoire, Guinea and Benin, together comprising 79% of total consumption.

What are the largest producers of glass fibre filaments in Western Africa?

The countries with the highest volumes of glass fibre filament production in 2021 were Cote d'Ivoire, Guinea and Benin, with a combined 79% share of total production.

What are the leading importers of glass fibre filaments in Western Africa?

In value terms, the largest glass fibre filament importing markets in Western Africa were Ghana, Nigeria and Senegal, together comprising 77% of total imports.

What is the average export price for glass fibre filaments in Western Africa?

In 2019, the glass fibre filament export price in Western Africa amounted to $1,111 per ton, dropping by -15.5% against the previous year.

What is the average import price for glass fibre filaments in Western Africa?

The glass fibre filament import price in Western Africa stood at $896 per ton in 2021, shrinking by -29% against the previous year.

This report provides an in-depth analysis of the glass fibre filament 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:

Prodcom 23141130 - Glass fibre filaments (including rovings)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
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, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023