Western Africa: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Western Africa

The West African plastic shutters and blinds market declined to $X in 2022, which is down by -1.8% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Plastic Shutters And Blinds in Western Africa

In value terms, plastic shutters and blinds production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 86%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Plastic Shutters And Blinds

Exports in Western Africa

Plastic shutters and blinds exports fell remarkably to X units in 2022, which is down by -38.5% compared with the previous year's figure. Over the period under review, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2016 with an increase of 376% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds exports surged to $X in 2022. Overall, exports faced a sharp decrease. The pace of growth was the most pronounced in 2018 when exports increased by 258% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana (X units) and Nigeria (X units) represented roughly 70% of total exports in 2022. Sierra Leone (X units) ranks next in terms of the total exports with an 18% share, followed by Cabo Verde (5.6%) and Togo (5.6%).

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of +24.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest plastic shutters and blinds supplying countries in Western Africa were Ghana ($X), Sierra Leone ($X) and Nigeria ($X), together accounting for 93% of total exports. Cabo Verde and Togo lagged somewhat behind, together comprising a further 7.3%.

Cabo Verde, with a CAGR of +29.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, increasing by 168% against the previous year. In general, the export price posted moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Sierra Leone ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (+12.3%), while the other leaders experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports in Western Africa

In 2022, overseas purchases of plastic shutters and blinds increased by 24% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 100% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plastic shutters and blinds imports reached $X in 2022. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by 125% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Nigeria was the major importing country with an import of about X units, which finished at 56% of total imports. Ghana (X units) ranks second in terms of the total imports with an 18% share, followed by Senegal (12%) and Cote d'Ivoire (6.1%). The following importers - Benin (X units) and Guinea (X units) - each accounted for a 3.6% share of total imports.

Nigeria was also the fastest-growing in terms of the plastic shutters and blinds imports, with a CAGR of +36.6% from 2012 to 2022. At the same time, Ghana (+31.5%), Cote d'Ivoire (+21.5%), Senegal (+14.6%) and Guinea (+7.2%) displayed positive paces of growth. By contrast, Benin (-12.7%) illustrated a downward trend over the same period. Nigeria (+44 p.p.), Ghana (+13 p.p.) and Cote d'Ivoire (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Guinea, Senegal and Benin saw its share reduced by -2.3%, -2.5% and -33% from 2012 to 2022, respectively.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 77% of total imports.

Ghana, with a CAGR of +36.7%, 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 unit in 2022, shrinking by -12.6% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 33%. The level of import peaked at $X per unit in 2013; however, from 2014 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 Benin ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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