Western Africa: Plastic Self-Adhesive Plate Market 2024

Plastic Self-Adhesive Plate Market Size in Western Africa

In 2022, the West African plastic self-adhesive plate market increased by 17% to $X, rising for the sixth consecutive year after two years of decline. Overall, consumption continues to indicate a prominent increase. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Plastic Self-Adhesive Plate Production in Western Africa

In value terms, plastic self-adhesive plate production fell to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Plastic Self-Adhesive Plate Exports

Exports in Western Africa

In 2022, approx. X tons of plastic self-adhesive plates, sheets and other flat shapes were exported in Western Africa; growing by 18% compared with 2021 figures. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 120% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, plastic self-adhesive plate exports rose markedly to $X in 2022. Overall, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 116%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Togo (X tons) represented the largest exporter of plastic self-adhesive plates, sheets and other flat shapes, comprising 40% of total exports. Nigeria (X tons) held the second position in the ranking, followed by Senegal (X tons), Cabo Verde (X tons), Ghana (X tons) and Cote d'Ivoire (X tons). All these countries together held near 57% share of total exports. Guinea (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic self-adhesive plate exports from Togo stood at +14.5%. At the same time, Guinea (+29.3%), Senegal (+9.1%), Nigeria (+7.1%) and Ghana (+4.6%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +29.3% from 2012-2022. Cabo Verde experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (-6.4%) illustrated a downward trend over the same period. While the share of Togo (+22 p.p.), Senegal (+3.7 p.p.) and Nigeria (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cabo Verde (-10.8 p.p.) and Cote d'Ivoire (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) emerged as the largest plastic self-adhesive plate supplier in Western Africa, comprising 38% of total exports. The second position in the ranking was taken by Senegal ($X), with a 17% share of total exports. It was followed by Cabo Verde, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo totaled +11.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+5.3% per year) and Cabo Verde (+1.1% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, waning by -7.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 39% 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+11.8%), while the other leaders experienced more modest paces of growth.

Plastic Self-Adhesive Plate Imports

Imports in Western Africa

Plastic self-adhesive plate imports surged to X tons in 2022, with an increase of 23% against 2021 figures. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, plastic self-adhesive plate imports soared to $X in 2022. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Nigeria represented the main importing country with an import of about X tons, which resulted at 73% of total imports. It was distantly followed by Ghana (X tons), Cote d'Ivoire (X tons) and Senegal (X tons), together committing a 21% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to plastic self-adhesive plate imports into Nigeria stood at +17.6%. At the same time, Ghana (+19.7%), Cote d'Ivoire (+15.2%) and Senegal (+12.4%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +19.7% from 2012-2022. While the share of Nigeria (+11 p.p.) and Ghana (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported plastic self-adhesive plates, sheets and other flat shapes in Western Africa, comprising 61% of total imports. The second position in the ranking was taken by Ghana ($X), with a 13% share of total imports. It was followed by Cote d'Ivoire, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled +18.8%. In the other countries, the average annual rates were as follows: Ghana (+21.6% per year) and Cote d'Ivoire (+16.3% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, picking up by 6.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Senegal ($X per ton), while Nigeria ($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 (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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