Western Africa: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Western Africa

The West African market for plastics pipes and pipe fittings contracted to $X in 2022, which is down by -5.5% against the previous year. In general, consumption, however, continues to indicate a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Plastics Pipes And Pipe Fittings in Western Africa

In value terms, plastics pipe and pipe fitting production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 45%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports in Western Africa

In 2022, approx. X tons of plastics pipes and pipe fittings were exported in Western Africa; rising by 33% against the previous year. In general, exports continue to indicate a strong expansion. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, plastics pipe and pipe fitting exports skyrocketed to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.4% against 2019 indices. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the major exporter of plastics pipes and pipe fittings in Western Africa, with the volume of exports accounting for X tons, which was near 64% of total exports in 2022. Ghana (X tons) held the second position in the ranking, distantly followed by Togo (X tons). All these countries together held approx. 30% share of total exports. Senegal (X tons) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of +8.5% from 2012 to 2022. At the same time, Togo (+15.1%) and Ghana (+3.9%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +15.1% from 2012-2022. Senegal experienced a relatively flat trend pattern. From 2012 to 2022, the share of Cote d'Ivoire and Togo increased by +7.2 and +4.7 percentage points, respectively.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Togo ($X) constituted the countries with the highest levels of exports in 2022, together comprising 93% of total exports.

Togo, with a CAGR of +11.8%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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, reducing by -7.6% against the previous year. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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 Ghana ($X per ton), while Togo ($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 (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastics Pipes And Pipe Fittings

Imports in Western Africa

In 2022, the amount of plastics pipes and pipe fittings imported in Western Africa totaled X tons, with an increase of 3.8% compared with the year before. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, plastics pipe and pipe fitting imports contracted modestly to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Nigeria (X tons) and Burkina Faso (X tons) represented the major importers of plastics pipes and pipe fittings in Western Africa, together constituting 41% of total imports. Ghana (X tons) held an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (8.7%), Benin (7.4%), Cote d'Ivoire (6.5%), Mali (5.5%) and Niger (5.4%). Togo (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Togo (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Burkina Faso ($X), together comprising 41% of total imports. Senegal, Cote d'Ivoire, Benin, Mali, Niger and Togo lagged somewhat behind, together accounting for a further 42%.

In terms of the main importing countries, Togo, with a CAGR of +26.5%, 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, which is down by -6.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 15%. The level of import peaked 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 Cote d'Ivoire ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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