We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Glass Closure Market 2024

Glass Closure Market Size in Western Africa

The West African glass closure market rose significantly to $X in 2022, with an increase of 5% against the previous year. In general, consumption enjoyed strong growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Glass Closure Production in Western Africa

In value terms, glass closure production stood at $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Closure Exports

Exports in Western Africa

For the third consecutive year, Western Africa recorded growth in shipments abroad of glass stoppers, lids and other closures, which increased by 3,835% to X tons in 2022. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glass closure exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Benin (X tons) represented the main exporter of glass stoppers, lids and other closures in Western Africa, comprising 99.9% of total export.

Benin was also the fastest-growing in terms of the glass stoppers, lids and other closures exports, with a CAGR of +85.4% from 2012 to 2022. From 2012 to 2022, the share of Benin increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) also remains the largest glass closure supplier in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin stood at +117.1%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, waning by -59.3% against the previous year. In general, the export price faced a dramatic setback. The pace of growth was the most pronounced in 2019 an increase of 430% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +17.0% per year.

Glass Closure Imports

Imports in Western Africa

In 2022, approx. X tons of glass stoppers, lids and other closures were imported in Western Africa; picking up by 5.1% compared with the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 434%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, glass closure imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 270% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the key importing country with an import of about X tons, which reached 74% of total imports. It was distantly followed by Benin (X tons), making up an 11% share of total imports. Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +22.5% from 2012 to 2022. At the same time, Benin (+77.0%), Senegal (+59.2%), Cote d'Ivoire (+58.7%) and Ghana (+36.2%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +77.0% from 2012-2022. While the share of Benin (+11 p.p.), Cote d'Ivoire (+4.1 p.p.), Ghana (+2.3 p.p.) and Senegal (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-16.2 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported glass stoppers, lids and other closures in Western Africa, comprising 78% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 8.9% share of total imports. It was followed by Ghana, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +16.4%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+52.2% per year) and Ghana (+22.3% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, surging by 24% against the previous year. Overall, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 42%. 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 Cote d'Ivoire ($X per ton), while Benin ($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 (-4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria remains the largest glass closure consuming country in Western Africa, accounting for 46% of total volume. Moreover, glass closure consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, sixfold. The third position in this ranking was occupied by Niger, with a 7.5% share.
Nigeria remains the largest glass closure producing country in Western Africa, comprising approx. 46% of total volume. Moreover, glass closure production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, sixfold. The third position in this ranking was occupied by Niger, with a 7.5% share.
In value terms, Benin remains the largest glass closure supplier in Western Africa, comprising 95% of total exports. The second position in the ranking was occupied by Togo $198), with a 1.7% share of total exports.
In value terms, the largest glass closure importing markets in Western Africa were Ghana, Benin and Nigeria, together comprising 71% of total imports. These countries were followed by Burkina Faso, Togo, Gambia and Mali, which together accounted for a further 16%.
In 2021, the export price in Western Africa amounted to $1.2 per unit, picking up by 59% against the previous year.
In 2021, the import price in Western Africa amounted to $4.2 per unit, which is down by -16.3% against the previous year.

This report provides an in-depth analysis of the glass closure 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 23131110 - Glass preserving jars, stoppers, lids and other closures (including stoppers and closures of any material presented with the containers for which they are intended)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

Recommended reports

Asia - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 183

This report provides an in-depth analysis of the glass closure market in Asia.

U.S. - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 187

This report provides an in-depth analysis of the glass closure market in the U.S..

China - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 150

This report provides an in-depth analysis of the glass closure market in China.

EU - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 143

This report provides an in-depth analysis of the glass closure market in the EU.

World - Glass Stoppers, Lids and Other Closures - Market Analysis, Forecast, Size, Trends and Insights
$599
Nov 1, 2024
Eye 235

This report provides an in-depth analysis of the global glass closure market.

Free Data: Glass; stoppers, lids and other closures - Western Africa
Table
Glass; stoppers, lids and other closures - Western Africa - Table
Dashboard
Glass; stoppers, lids and other closures - Western Africa - Dashboard
Report
Glass; stoppers, lids and other closures - Western Africa - Report