Western Africa: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in Western Africa

The West African market for mattresses of cellular rubber or plastics was estimated at $X in 2022, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Mattresses of cellular rubber or plastics in Western Africa

In value terms, production of mattresses of cellular rubber or plastics totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 15%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Mattresses of cellular rubber or plastics

Exports in Western Africa

In 2022, the amount of mattresses of cellular rubber or plastics exported in Western Africa reduced to X units, leveling off at the previous year's figure. Over the period under review, exports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of 70%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of mattresses of cellular rubber or plastics fell modestly to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 171%. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal was the largest exporter of mattresses of cellular rubber or plastics in Western Africa, with the volume of exports resulting at X units, which was approx. 50% of total exports in 2022. It was distantly followed by Mali (X units) and Togo (X units), together constituting a 45% share of total exports. Nigeria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Senegal (with a CAGR of +60.6%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest mattresses of cellular rubber or plastics supplier in Western Africa, comprising 55% of total exports. The second position in the ranking was taken by Mali ($X), with a 26% share of total exports. It was followed by Togo, with a 14% share.

In Senegal, exports of mattresses of cellular rubber or plastics expanded at an average annual rate of +60.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (+3.4% per year) and Togo (+20.1% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, remaining stable against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses of cellular rubber or plastics increased by +143.1% against 2016 indices. The growth pace was the most rapid in 2017 when the export price increased by 60%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Senegal ($X per unit) and Nigeria ($X per unit), while Mali ($X per unit) and Togo ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+1.8%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports in Western Africa

In 2022, supplies from abroad of mattresses of cellular rubber or plastics decreased by -1.8% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 201%. Over the period under review, imports of hit record highs at X units in 2021, and then contracted in the following year.

In value terms, imports of mattresses of cellular rubber or plastics reached $X in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 169% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Guinea (X units) represented the key importer of mattresses of cellular rubber or plastics, making up 38% of total imports. Guinea-Bissau (X units) ranks second in terms of the total imports with a 19% share, followed by Mali (9%), Ghana (8.6%), Burkina Faso (7.6%) and Cote d'Ivoire (4.8%). Gambia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guinea (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Guinea-Bissau ($X) and Burkina Faso ($X) constituted the countries with the highest levels of imports in 2022, together comprising 69% of total imports.

Guinea, with a CAGR of +45.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, surging by 2.6% against the previous year. In general, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea-Bissau (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform