Western Africa: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Western Africa

After two years of growth, the West African hard plastic comb market decreased by -19.9% to $X in 2022. Overall, consumption saw a perceptible slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Hard Plastic Comb Production in Western Africa

In value terms, hard plastic comb production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 29%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hard Plastic Comb Exports

Exports in Western Africa

In 2022, hard plastic comb exports in Western Africa surged to X tons, growing by 25% against 2021 figures. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 376% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hard plastic comb exports amounted to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 218% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Ghana (X kg), committing a 4.8% share of total exports.

Nigeria was also the fastest-growing in terms of the hard rubber or plastic combs exports, with a CAGR of +54.7% from 2012 to 2022. Ghana (-30.1%) illustrated a downward trend over the same period. Nigeria (+93 p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by -76.4% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest hard plastic comb supplier in Western Africa, comprising 81% of total exports. The second position in the ranking was held by Ghana ($X), with a 6.5% share of total exports.

In Nigeria, hard plastic comb exports expanded at an average annual rate of +40.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by -18.5% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 181%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

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 Ghana ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+5.2%).

Hard Plastic Comb Imports

Imports in Western Africa

Hard plastic comb imports contracted significantly to X tons in 2022, reducing by -24.3% on the previous year. In general, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 70% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, hard plastic comb imports dropped significantly to $X in 2022. Overall, imports recorded a pronounced descent. The pace of growth was the most pronounced in 2015 when imports increased by 55%. Over the period under review, imports hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Ghana (X tons) was the largest importer of hard rubber or plastic combs, mixing up 45% of total imports. It was distantly followed by Senegal (X tons), Cote d'Ivoire (X tons), Guinea (X tons) and Mauritania (X tons), together comprising a 40% share of total imports. The following importers - Burkina Faso (X tons) and Sierra Leone (X tons) - together made up 7.4% of total imports.

From 2012 to 2022, average annual rates of growth with regard to hard plastic comb imports into Ghana stood at -6.7%. At the same time, Senegal (+40.8%), Sierra Leone (+13.3%), Burkina Faso (+10.5%) and Cote d'Ivoire (+7.4%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +40.8% from 2012-2022. Mauritania experienced a relatively flat trend pattern. By contrast, Guinea (-5.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Cote d'Ivoire, Burkina Faso, Sierra Leone and Mauritania increased by +18, +6.2, +3, +2.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported hard rubber or plastic combs in Western Africa, comprising 51% of total imports. The second position in the ranking was held by Senegal ($X), with a 20% share of total imports. It was followed by Cote d'Ivoire, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to -4.7%. In the other countries, the average annual rates were as follows: Senegal (+48.0% per year) and Cote d'Ivoire (+12.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with an increase of 1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2019 an increase of 29%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sierra Leone ($X per ton), while Burkina Faso ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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