Western Africa: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Western Africa

The West African market for plasticised mixed polyvinyl chloride in primary forms amounted to $X in 2022, with an increase of 2.8% against the previous year. Overall, consumption recorded buoyant growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Plasticised Mixed Polyvinyl Chloride in Primary Forms in Western Africa

In value terms, production of plasticised mixed polyvinyl chloride in primary forms expanded to $X in 2022 estimated in export price. Overall, production saw a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 46%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in Western Africa

After two years of decline, shipments abroad of plasticised mixed polyvinyl chloride in primary forms increased by 18% to X tons in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 171%. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms expanded slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 191% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the largest exporter of plasticised mixed polyvinyl chloride in primary forms in Western Africa, with the volume of exports resulting at X tons, which was near 64% of total exports in 2022. It was distantly followed by Senegal (X tons), constituting a 35% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of -5.0%).

In value terms, Cote d'Ivoire ($X) remains the largest plasticised mixed polyvinyl chloride in primary forms supplier in Western Africa, comprising 74% of total exports. The second position in the ranking was taken by Senegal ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire stood at -7.2%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of -11.2% against the previous year. Over the period under review, the export price showed a slight decrease. The growth pace was the most rapid in 2021 an increase of 25%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-1.2%).

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in Western Africa

Imports of plasticised mixed polyvinyl chloride in primary forms expanded to X tons in 2022, picking up by 3.4% against the year before. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms declined modestly to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 97%. The level of import peaked at $X in 2021, and then contracted slightly in the following year.

Imports by Country

The purchases of the three major importers of plasticised mixed polyvinyl chloride in primary forms, namely Senegal, Ghana and Nigeria, represented more than two-thirds of total import. It was distantly followed by Cote d'Ivoire (X tons), creating a 9% share of total imports. The following importers - Guinea (X tons) and Burkina Faso (X tons) - each resulted at a 7.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guinea (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Senegal ($X), with a combined 83% share of total imports. Cote d'Ivoire, Guinea and Burkina Faso lagged somewhat behind, together comprising a further 15%.

Among the main importing countries, Guinea, with a CAGR of +30.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, reducing by -4.8% against the previous year. Overall, the import price saw a mild curtailment. The growth pace was the most rapid in 2021 an increase of 29%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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