Western Africa: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in Western Africa

The West African paper pulp moulded articles market rose to $X in 2022, picking up by 2.6% against the previous year. In general, consumption continues to indicate a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Moulded Or Pressed Articles Of Paper Pulp in Western Africa

In value terms, paper pulp moulded articles production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports in Western Africa

Paper pulp moulded articles exports totaled X tons in 2022, with an increase of 8.1% against 2021 figures. In general, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2018 with an increase of 173% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper pulp moulded articles exports expanded remarkably to $X in 2022. Overall, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 216%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, reaching X tons, which was near 94% of total exports in 2022. Mali (X tons) and Nigeria (X tons) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of +3.1% from 2012 to 2022. At the same time, Nigeria (+49.3%) and Mali (+2.1%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +49.3% from 2012-2022. From 2012 to 2022, the share of Nigeria increased by +1.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest paper pulp moulded articles supplier in Western Africa, comprising 92% of total exports. The second position in the ranking was held by Nigeria ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to +4.7%. In the other countries, the average annual rates were as follows: Nigeria (+70.4% per year) and Mali (+3.5% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 an increase of 16%. The level of export peaked at $X per ton in 2021, and then shrank in the following year.

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 ($X per ton), while Mali ($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 (+14.1%), while the other leaders experienced more modest paces of growth.

Imports of Moulded Or Pressed Articles Of Paper Pulp

Imports in Western Africa

In 2022, imports of moulded or pressed articles of paper pulp in Western Africa dropped significantly to X tons, shrinking by -29.9% on 2021 figures. Over the period under review, imports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, paper pulp moulded articles imports shrank markedly to $X in 2022. In general, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. The level of import peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Cote d'Ivoire (X tons) represented the key importer of moulded or pressed articles of paper pulp, generating 50% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Senegal (X tons), Cabo Verde (X tons) and Nigeria (X tons). All these countries together held near 47% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to paper pulp moulded articles imports into Cote d'Ivoire stood at +3.3%. At the same time, Nigeria (+25.9%), Cabo Verde (+17.1%) and Senegal (+4.8%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +25.9% from 2012-2022. Ghana experienced a relatively flat trend pattern. Cabo Verde (+4.7 p.p.), Nigeria (+4.1 p.p.) and Senegal (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -8.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, with a combined 81% share of total imports. Cabo Verde and Nigeria lagged somewhat behind, together accounting for a further 13%.

Nigeria, with a CAGR of +14.0%, recorded the highest growth rate of 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 ton in 2022, remaining constant against the previous year. Over the period under review, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2020 when the import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nigeria ($X per ton) and Senegal ($X per ton), while Cote d'Ivoire ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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