Western Africa: Market for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides 2025

Market Size for High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Western Africa

The West African high-tenacity filament nylon yarn market expanded rapidly to $X in 2022, rising by 5.9% against the previous year. Over the period under review, consumption posted a strong increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides in Western Africa

In value terms, high-tenacity filament nylon yarn production rose notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 70% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Exports in Western Africa

After three years of decline, shipments abroad of high-tenacity filament yarn of nylon or other polyamides increased by 116% to X tons in 2022. Over the period under review, exports, however, faced a significant contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, high-tenacity filament nylon yarn exports surged to $X in 2022. In general, exports, however, saw a dramatic decline. The growth pace was the most rapid in 2015 when exports increased by 102% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X tons) and Sierra Leone (X tons) represented roughly 78% of total exports in 2022. It was distantly followed by Nigeria (X kg), generating a 21% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of -8.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest high-tenacity filament nylon yarn supplying countries in Western Africa were Sierra Leone ($X), Nigeria ($X) and Senegal ($X), with a combined 100% share of total exports.

Among the main exporting countries, Sierra Leone, with a CAGR of -12.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, declining by -33.8% against the previous year. Overall, the export price, however, saw a tangible increase. The pace of growth appeared the most rapid in 2015 an increase of 118%. As a result, the export price reached the peak level of $X per ton. From 2016 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 Nigeria ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+11.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of High-Tenacity Filament Yarn Of Nylon Or Other Polyamides

Imports in Western Africa

In 2022, the amount of high-tenacity filament yarn of nylon or other polyamides imported in Western Africa contracted dramatically to X tons, with a decrease of -85.1% against the previous year's figure. In general, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, high-tenacity filament nylon yarn imports shrank remarkably to $X in 2022. Overall, imports saw a dramatic descent. The pace of growth was the most pronounced in 2018 when imports increased by 41%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Senegal was the key importer of high-tenacity filament yarn of nylon or other polyamides in Western Africa, with the volume of imports amounting to X tons, which was approx. 63% of total imports in 2022. Nigeria (X tons) ranks second in terms of the total imports with a 17% share, followed by Ghana (5.8%). The following importers - Guinea (X tons), Togo (X tons), Mauritania (X tons) and Gambia (X tons) - together made up 11% of total imports.

From 2012 to 2022, average annual rates of growth with regard to high-tenacity filament nylon yarn imports into Senegal stood at +6.7%. At the same time, Mauritania (+24.8%), Gambia (+18.2%) and Ghana (+11.1%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +24.8% from 2012-2022. By contrast, Guinea (-20.0%), Nigeria (-26.0%) and Togo (-43.6%) illustrated a downward trend over the same period. While the share of Senegal (+60 p.p.), Ghana (+5.6 p.p.), Mauritania (+2.1 p.p.) and Gambia (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-12.9 p.p.) and Togo (-57.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported high-tenacity filament yarn of nylon or other polyamides in Western Africa, comprising 54% of total imports. The second position in the ranking was held by Nigeria ($X), with a 17% share of total imports. It was followed by Mauritania, with an 8% share.

From 2012 to 2022, the average annual growth rate of value in Senegal was relatively modest. In the other countries, the average annual rates were as follows: Nigeria (-26.5% per year) and Mauritania (+38.9% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, growing by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 56% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Mauritania ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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