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Report Western Africa - Polishes for Coachwork - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Polishes for Coachwork - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Western Africa

The West African polishes for coachwork market fell to $X in 2022, waning by -7.4% against the previous year. Over the period under review, consumption saw a mild slump. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in Western Africa

In value terms, polishes for coachwork production fell to $X in 2022 estimated in export price. Overall, production showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 29%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Polishes For Coachwork Exports

Exports in Western Africa

In 2022, polishes for coachwork exports in Western Africa declined to X tons, shrinking by -14.2% against 2021 figures. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 2,620% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, polishes for coachwork exports surged to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 1,228%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal was the largest exporter of polishes for coachwork in Western Africa, with the volume of exports accounting for X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Nigeria (X kg), making up an 11% share of total exports.

Senegal was also the fastest-growing in terms of the polishes for coachwork exports, with a CAGR of +45.4% from 2012 to 2022. At the same time, Nigeria (+15.1%) displayed positive paces of growth. From 2012 to 2022, the share of Senegal increased by +44 percentage points.

In value terms, Senegal ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Nigeria, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, jumping by 71% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by 81%. 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 Nigeria ($X per ton), while Senegal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+9.7%).

Polishes For Coachwork Imports

Imports in Western Africa

After two years of growth, overseas purchases of polishes for coachwork decreased by -1.2% to X tons in 2022. Over the period under review, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 301% against the previous year. The volume of import peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, polishes for coachwork imports declined to $X in 2022. In general, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 314% against the previous year. The level of import peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Senegal (X tons), Ghana (X tons) and Burkina Faso (X tons) were the largest importers of polishes for coachwork, together committing 87% of total imports. The following importers - Mali (X tons), Cote d'Ivoire (X tons) and Guinea (X tons) - together made up 8.8% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +38.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported polishes for coachwork in Western Africa, comprising 45% of total imports. The second position in the ranking was taken by Senegal ($X), with a 19% share of total imports. It was followed by Ghana, with a 14% share.

In Nigeria, polishes for coachwork imports expanded at an average annual rate of +8.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+31.2% per year) and Ghana (+11.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, declining by -4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 23%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Burkina Faso, Mali and Benin, with a combined 80% share of total consumption. These countries were followed by Nigeria, Senegal and Ghana, which together accounted for a further 18%.
The countries with the highest volumes of in 2021 were Burkina Faso, Mali and Benin.
In value terms, Senegal and Nigeria appeared to be the countries with the highest levels of exports in 2021.
In value terms, Nigeria, Senegal and Ghana were the countries with the highest levels of imports in 2021, together accounting for 79% of total imports.
In 2021, the export price in Western Africa amounted to $1,842 per ton, reducing by -29.7% against the previous year.
In 2021, the import price in Western Africa amounted to $1,383 per ton, which is down by -23.1% against the previous year.

This report provides an in-depth analysis of the polishes for coachwork market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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