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

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

The West African market for non-plasticised mixed polyvinyl chloride in primary forms rose significantly to $X in 2022, picking up by 11% against the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.6% against 2016 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

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

In value terms, production of non-plasticised mixed polyvinyl chloride in primary forms reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 35% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports in Western Africa

In 2022, exports of non-plasticised mixed polyvinyl chloride in primary forms in Western Africa declined markedly to X tons, which is down by -45.6% on the previous year. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 106%. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-plasticised mixed polyvinyl chloride in primary forms declined sharply to $X in 2022. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 231%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) was the key exporter of non-plasticised mixed polyvinyl chloride in primary forms, creating 59% of total exports. It was distantly followed by Senegal (X tons), creating a 38% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of +64.4%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Cote d'Ivoire ($X) remains the largest non-plasticised mixed polyvinyl chloride in primary forms supplier in Western Africa, comprising 72% of total exports. The second position in the ranking was taken by Senegal ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at +64.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (-8.0% per year) and Ghana (-22.0% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, waning by -12.6% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for non-plasticised mixed polyvinyl chloride in primary forms increased by +10.1% against 2020 indices. The pace of growth was the most pronounced in 2018 when the export price increased by 61% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then declined in the following year.

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 Ghana ($X per ton), while Senegal ($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 (+11.2%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports in Western Africa

In 2022, overseas purchases of non-plasticised mixed polyvinyl chloride in primary forms increased by 33% to X tons, rising for the sixth consecutive year after two years of decline. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 69% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, imports of non-plasticised mixed polyvinyl chloride in primary forms soared to $X in 2022. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Nigeria dominates forms structure, reaching X tons, which was near 83% of total imports in 2022. Guinea (X tons), Cote d'Ivoire (X tons), Togo (X tons), Ghana (X tons) and Benin (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-plasticised mixed polyvinyl chloride in primary forms imports into Nigeria stood at +18.2%. At the same time, Guinea (+27.8%), Cote d'Ivoire (+25.5%) and Benin (+13.5%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +27.8% from 2012-2022. Togo experienced a relatively flat trend pattern. By contrast, Ghana (-4.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Togo, Guinea and Cote d'Ivoire increased by +17, +3, +2.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-plasticised mixed polyvinyl chloride in primary forms in Western Africa, comprising 82% of total imports. The second position in the ranking was held by Guinea ($X), with a 5.1% share of total imports. It was followed by Cote d'Ivoire, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled +10.9%. In the other countries, the average annual rates were as follows: Guinea (+28.5% per year) and Cote d'Ivoire (+22.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2021 an increase of 5.8% against the previous year. The level of import peaked 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 Togo ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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