Western Africa: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Western Africa

The West African market for plastic hoses and hose fittings fell modestly to $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Production of Plastic Hoses and Hose Fittings in Western Africa

In value terms, plastic hose and hose fitting production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when the production volume increased by 29%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Plastic Hoses and Hose Fittings

Exports in Western Africa

Plastic hose and hose fitting exports soared to X tons in 2021, jumping by 34% against 2020. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by 389%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, plastic hose and hose fitting exports surged to $X in 2021. Over the period under review, exports saw a temperate expansion. The growth pace was the most rapid in 2015 when exports increased by 346% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Togo (X tons) and Ghana (X tons) were the largest exporters of plastic hoses and hose fittings in Western Africa, together recording approx. 75% of total exports. Cote d'Ivoire (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (5.7%). Nigeria (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Togo (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Togo ($X), Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 78% of total exports.

In terms of the main exporting countries, Togo, with a CAGR of +30.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the export price showed a abrupt slump. The growth pace was the most rapid in 2017 an increase of 10%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Hoses and Hose Fittings

Imports in Western Africa

Plastic hose and hose fitting imports declined to X tons in 2021, dropping by -11.6% against the year before. Overall, imports, however, posted a moderate increase. The pace of growth appeared the most rapid in 2020 when imports increased by 64%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, plastic hose and hose fitting imports declined rapidly to $X in 2021. Over the period under review, imports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2015 when imports increased by 80%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X tons) and Nigeria (X tons) represented the largest importers of plastic hoses and hose fittings in 2021, recording near 24% and 22% of total imports, respectively. Senegal (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (9.9%) and Mali (7.8%). Cabo Verde (X tons), Mauritania (X tons), Burkina Faso (X tons), Sierra Leone (X tons), Niger (X tons), Benin (X tons), Cote d'Ivoire (X tons) and Togo (X tons) held a little 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 Senegal (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported plastic hoses and hose fittings in Western Africa, comprising 28% of total imports. The second position in the ranking was held by Nigeria ($X), with a 12% share of total imports. It was followed by Guinea, with an 11% share.

In Ghana, plastic hose and hose fitting imports expanded at an average annual rate of +7.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (-11.9% per year) and Guinea (+18.2% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, with a decrease of -6.4% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when the import price increased by 116%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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