Western Africa: Plastic Packaging Market 2024

Plastic Packaging Market Size in Western Africa

The West African plastic packaging market expanded modestly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Plastic Packaging Production in Western Africa

In value terms, plastic packaging production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plastic Packaging Exports

Exports in Western Africa

In 2022, shipments abroad of plastic packaging was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, plastic packaging exports skyrocketed to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Togo (X tons) represented the major exporter of plastic packaging, achieving X% of total exports. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took near X% share of total exports. Ghana (X tons), Benin (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic packaging exports from Togo stood at X%. At the same time, Benin (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.) and Benin (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.), Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic packaging supplying countries in Western Africa were Togo ($X), Cote d'Ivoire ($X) and Senegal ($X), together comprising X% of total exports. Nigeria, Ghana and Benin lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Benin, with a CAGR of X%, saw 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 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Plastic Packaging Imports

Imports in Western Africa

For the third year in a row, Western Africa recorded decline in supplies from abroad of plastic packaging, which decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic packaging imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of plastic packaging, namely Mali, Ghana and Burkina Faso, represented more than half of total import. Senegal (X tons) held the next position in the ranking, followed by Nigeria (X tons) and Guinea (X tons). All these countries together took approx. X% share of total imports. The following importers - Cote d'Ivoire (X tons), Benin (X tons), Togo (X tons), Niger (X tons), Liberia (X tons), Sierra Leone (X tons) and Mauritania (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sierra Leone (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Mali ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Nigeria, Guinea, Burkina Faso, Cote d'Ivoire, Benin, Niger, Liberia, Sierra Leone, Togo and Mauritania lagged somewhat behind, together accounting for a further X%.

Sierra Leone, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a slight downturn. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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