Western Africa: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Western Africa

In 2021, the West African plastic furniture fittings market decreased by -11.3% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Plastic Furniture Fittings Production in Western Africa

In value terms, plastic furniture fittings production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 50%. The level of production peaked at $X in 2020, and then reduced in the following year.

Plastic Furniture Fittings Exports

Exports in Western Africa

In 2021, exports of plastic fittings for furniture in Western Africa fell remarkably to X kg, with a decrease of -80.4% on 2020 figures. In general, exports saw a precipitous decline. The pace of growth appeared the most rapid in 2015 with an increase of 922% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic furniture fittings exports shrank notably to $X in 2021. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 134%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo represented the major exporter of plastic fittings for furniture in Western Africa, with the volume of exports finishing at X kg, which was approx. 49% of total exports in 2021. Senegal (X kg) ranks second in terms of the total exports with a 25% share, followed by Sierra Leone (7.6%) and Nigeria (6.9%). Guinea (X kg), Niger (X kg) and Cote d'Ivoire (X kg) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Guinea (with a CAGR of +22.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X) emerged as the largest plastic furniture fittings supplier in Western Africa, comprising 34% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a 15% share of total exports. It was followed by Togo, with an 11% share.

In Senegal, plastic furniture fittings exports increased at an average annual rate of +23.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (-4.7% per year) and Togo (-16.3% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 67% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The pace of growth was the most pronounced in 2016 an increase of 816% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+17.6%), while the other leaders experienced more modest paces of growth.

Plastic Furniture Fittings Imports

Imports in Western Africa

After two years of growth, supplies from abroad of plastic fittings for furniture decreased by -10.2% to X tons in 2021. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 97% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, plastic furniture fittings imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 80% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

Ghana (X tons) and Nigeria (X tons) dominates imports structure, together comprising 74% of total imports. Cote d'Ivoire (X tons) held the next position in the ranking, followed by Togo (X tons). All these countries together held near 12% share of total imports. Cabo Verde (X tons), Guinea (X tons) and Senegal (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cabo Verde (with a CAGR of +61.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported plastic fittings for furniture in Western Africa, comprising 49% of total imports. The second position in the ranking was taken by Nigeria ($X), with a 15% share of total imports. It was followed by Cote d'Ivoire, with an 8.9% share.

In Ghana, plastic furniture fittings imports increased at an average annual rate of +8.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+4.3% per year) and Cote d'Ivoire (+39.5% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, growing by 45% against the previous year. In general, the import price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2015 when the import price increased by 108%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the 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 Cabo Verde ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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