Western Africa: Market for Pulp From Fibres Other Than Wood 2025

Market Size for Pulp From Fibres Other Than Wood in Western Africa

In 2022, after two years of growth, there was significant decline in the West African market for pulp from fibres other than wood, when its value decreased by -6% to $X. In general, consumption showed a significant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pulp From Fibres Other Than Wood in Western Africa

In value terms, production of pulp from fibres other than wood expanded to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 40,077%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth remained at a lower figure.

Exports of Pulp From Fibres Other Than Wood

Exports in Western Africa

In 2022, after two years of decline, there was significant decline in overseas shipments of pulp from fibres other than wood, when their volume decreased by -26.4% to X kg. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 2,400% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of pulp from fibres other than wood dropped markedly to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 143,373%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Ghana (X kg) represented roughly 100% of total exports in 2022.

Ghana was also the fastest-growing in terms of the pulp from fibres other than wood exports, with a CAGR of +27.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In Ghana, exports of pulp from fibres other than wood shrank by an average annual rate of -8.9% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by -79.3% against the previous year. Overall, the export price faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 210% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to -28.3% per year.

Imports of Pulp From Fibres Other Than Wood

Imports in Western Africa

In 2022, purchases abroad of pulp from fibres other than wood increased by 2.7% to X tons, rising for the eighth year in a row after two years of decline. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2015 when imports increased by 189% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, imports of pulp from fibres other than wood reduced remarkably to $X in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 199%. Over the period under review, imports of hit record highs at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Nigeria (X tons) was the main importer of pulp from fibres other than wood, comprising 61% of total imports. Guinea (X tons) took the second position in the ranking, followed by Togo (X tons). All these countries together held approx. 37% share of total imports. Gambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pulp from fibres other than wood imports into Nigeria stood at +38.8%. At the same time, Guinea (+42.5%) and Gambia (+14.1%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +42.5% from 2012-2022. By contrast, Togo (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Guinea increased by +51 and +21 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pulp from fibres other than wood in Western Africa, comprising 89% of total imports. The second position in the ranking was taken by Guinea ($X), with a 6.8% share of total imports. It was followed by Gambia, with a 2.6% share.

In Nigeria, imports of pulp from fibres other than wood increased at an average annual rate of +34.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guinea (+39.4% per year) and Gambia (+44.2% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, shrinking by -21.8% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 81% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (+26.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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