Western Africa: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Western Africa

In 2022, after two years of growth, there was decline in the West African market for rigid tubes, pipes and hoses of polymers of vinyl chloride, when its value decreased by -2.9% to $X. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.8% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Western Africa

In value terms, vinyl chloride polymer rigid pipes production dropped to $X in 2022 estimated in export price. The total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports in Western Africa

In 2022, vinyl chloride polymer rigid pipes exports in Western Africa soared to X tons, growing by 43% against the year before. In general, exports enjoyed a strong expansion. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports skyrocketed to $X in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 -30.1% against 2019 indices. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporter of rigid tubes, pipes and hoses of polymers of vinyl chloride in Western Africa, with the volume of exports amounting to X tons, which was near 70% of total exports in 2022. Ghana (X tons) held the second position in the ranking, followed by Togo (X tons). All these countries together held near 23% share of total exports. Senegal (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to vinyl chloride polymer rigid pipes exports from Cote d'Ivoire stood at +6.3%. At the same time, Guinea (+29.7%), Togo (+13.1%), Senegal (+10.3%) and Ghana (+7.8%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +29.7% from 2012-2022. From 2012 to 2022, the share of Togo increased by +3.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest vinyl chloride polymer rigid pipes supplier in Western Africa, comprising 65% of total exports. The second position in the ranking was held by Ghana ($X), with a 20% share of total exports. It was followed by Senegal, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled +1.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+6.4% per year) and Senegal (+17.0% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, remaining stable against the previous year. Overall, the export price saw a perceptible decline. The pace of growth appeared the most rapid in 2018 when the export price increased by 5.9% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Togo ($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 (+6.1%), while the other leaders experienced a decline in the export price figures.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports in Western Africa

In 2022, the amount of rigid tubes, pipes and hoses of polymers of vinyl chloride imported in Western Africa totaled X tons, with an increase of 6% against the year before. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports stood at $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.8% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 22%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) and Burkina Faso (X tons) represented the key importers of rigid tubes, pipes and hoses of polymers of vinyl chloride in Western Africa, together making up 46% of total imports. It was distantly followed by Benin (X tons), Ghana (X tons), Niger (X tons), Mali (X tons) and Senegal (X tons), together creating a 41% share of total imports. Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported rigid tubes, pipes and hoses of polymers of vinyl chloride in Western Africa, comprising 26% of total imports. The second position in the ranking was held by Ghana ($X), with an 11% share of total imports. It was followed by Burkina Faso, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+12.9% per year) and Burkina Faso (-1.1% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, approximately mirroring the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 11%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Guinea ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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