Western Africa: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Western Africa

The West African multiple-walled insulating glass unit market rose notably to $X in 2021, growing by 12% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Western Africa

In value terms, multiple-walled insulating glass unit production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Western Africa

In 2021, the amount of multiple-walled insulating units of glass exported in Western Africa reached X square meters, with an increase of 9.2% on 2020 figures. In general, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 129%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, multiple-walled insulating glass unit exports skyrocketed to $X in 2021. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 85% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Togo (X square meters), distantly followed by Senegal (X square meters), Cote d'Ivoire (X square meters), Burkina Faso (X square meters) and Nigeria (X square meters) were the major exporters of multiple-walled insulating units of glass, together comprising 98% of total exports. Ghana (X square meters) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cote d'Ivoire (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the largest multiple-walled insulating glass unit supplier in Western Africa, comprising 49% of total exports. The second position in the ranking was held by Senegal ($X), with a 21% share of total exports. It was followed by Cote d'Ivoire, with a 17% share.

In Togo, multiple-walled insulating glass unit exports expanded at an average annual rate of +11.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+8.2% per year) and Cote d'Ivoire (+69.4% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per square meter, with an increase of 6.9% against the previous year. In general, the export price, however, recorded a mild decline. The growth pace was the most rapid in 2019 an increase of 21% against the previous year. The level of export peaked at $X per square meter in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Burkina Faso ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+11.1%), while the other leaders experienced a decline in the export price figures.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Western Africa

In 2021, approx. X square meters of multiple-walled insulating units of glass were imported in Western Africa; picking up by 290% compared with the previous year's figure. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the largest importer of multiple-walled insulating units of glass in Western Africa, with the volume of imports resulting at X square meters, which was near 69% of total imports in 2021. Cote d'Ivoire (X square meters) ranks second in terms of the total imports with an 11% share, followed by Senegal (9.3%). Ghana (X square meters), Guinea (X square meters) and Benin (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the multiple-walled insulating units of glass imports, with a CAGR of +68.4% from 2012 to 2021. At the same time, Cote d'Ivoire (+52.0%), Guinea (+51.5%), Senegal (+36.1%), Ghana (+28.2%) and Benin (+2.5%) displayed positive paces of growth. Nigeria (+57 p.p.) and Cote d'Ivoire (+6.1 p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Ghana and Benin saw its share reduced by -1.6%, -3% and -30.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported multiple-walled insulating units of glass in Western Africa, comprising 71% of total imports. The second position in the ranking was held by Senegal ($X), with a 12% share of total imports. It was followed by Cote d'Ivoire, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria stood at +68.0%. In the other countries, the average annual rates were as follows: Senegal (+47.8% per year) and Cote d'Ivoire (+44.8% per year).

Import Prices by Country

The import price in Western Africa stood at $X per square meter in 2021, reducing by -2.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 when the import price increased by 37% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per square meter), while Guinea ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+8.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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