Western Africa: Other Papers Packaging Market 2024

Other Papers Packaging Market Size in Western Africa

In 2022, the West African other papers packaging market decreased by -21.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw mild growth. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Other Papers Packaging Production in Western Africa

In value terms, other papers packaging production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Other Papers Packaging Exports

Exports in Western Africa

In 2022, exports of other papers packaging in Western Africa shrank significantly to X kg, falling by -32.9% on 2021 figures. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 74,736% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, other papers packaging exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 18,870%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg) represented roughly 100% of total exports in 2022.

Cote d'Ivoire was also the fastest-growing in terms of the other papers packaging exports, with a CAGR of -9.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest other papers packaging supplier in Western Africa.

In Cote d'Ivoire, other papers packaging exports decreased by an average annual rate of -3.5% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, waning by -3.6% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 137% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +6.4% per year.

Other Papers Packaging Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in supplies from abroad of other papers packaging, when their volume decreased by -18% to X tons. Overall, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when imports increased by 108%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, other papers packaging imports declined rapidly to $X in 2022. In general, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 142% against the previous year. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which accounted for 52% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a 20% share, followed by Benin (9.3%) and Ghana (6.3%). The following importers - Senegal (X tons) and Burkina Faso (X tons) - each reached an 8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to other papers packaging imports into Nigeria stood at +4.9%. At the same time, Burkina Faso (+30.8%), Cote d'Ivoire (+24.2%), Benin (+9.6%) and Senegal (+6.8%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +30.8% from 2012-2022. By contrast, Ghana (-8.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire, Benin, Burkina Faso and Senegal increased by +27, +18, +6.4, +3.4 and +2.7 percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported other papers packaging in Western Africa, comprising 53% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 17% share of total imports. It was followed by Senegal, with a 12% share.

In Nigeria, other papers packaging imports increased at an average annual rate of +11.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+25.1% per year) and Senegal (+22.0% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, which is down by -9.4% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, other papers packaging import price increased by +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 52%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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 Senegal ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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