Western Africa: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Western Africa

The West African non-woven glass fibre articles market rose significantly to $X in 2021, picking up by 12% against the previous year. The total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Western Africa

In value terms, non-woven glass fibre articles production rose remarkably to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 20%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in Western Africa

In 2021, overseas shipments of non-woven glass fibre webs, felts, mattresses and boards increased by 1,701% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,992% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Mali dominates exports structure, reaching X tons, which was approx. 96% of total exports in 2021. Senegal (X tons) took a minor share of total exports.

Mali was also the fastest-growing in terms of the non-woven glass fibre webs, felts, mattresses and boards exports, with a CAGR of +49.0% from 2012 to 2021. At the same time, Senegal (+23.2%) displayed positive paces of growth. Mali (+72 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X) emerged as the largest non-woven glass fibre articles supplier in Western Africa, comprising 95% of total exports. The second position in the ranking was held by Senegal ($X), with a 3.3% share of total exports.

In Mali, non-woven glass fibre articles exports increased at an average annual rate of +48.0% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, dropping by -21.3% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 119% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2020, and then dropped rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per ton), while Mali amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+8.6%).

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in Western Africa

In 2021, the amount of non-woven glass fibre webs, felts, mattresses and boards imported in Western Africa dropped to X tons, waning by -6.4% compared with the previous year's figure. Overall, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 109%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, non-woven glass fibre articles imports soared to $X in 2021. In general, imports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 108%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Ghana was the major importing country with an import of about X tons, which recorded 66% of total imports. Cote d'Ivoire (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (7.5%) and Senegal (5%). Togo (X tons) held a relatively small share of total imports.

Imports into Ghana increased at an average annual rate of +28.3% from 2012 to 2021. At the same time, Togo (+28.8%), Senegal (+18.2%) and Cote d'Ivoire (+17.7%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +28.8% from 2012-2021. By contrast, Nigeria (-16.6%) illustrated a downward trend over the same period. Ghana (+56 p.p.), Cote d'Ivoire (+9.4 p.p.), Senegal (+3.5 p.p.) and Togo (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -45.3% from 2012 to 2021, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported non-woven glass fibre webs, felts, mattresses and boards in Western Africa, comprising 69% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total imports. It was followed by Nigeria, with a 5.1% share.

In Ghana, non-woven glass fibre articles imports increased at an average annual rate of +32.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+17.8% per year) and Nigeria (-22.6% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, growing by 39% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Togo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :