Western Africa: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Western Africa

The West African non-reinforced rubber tubing market soared to $X in 2021, with an increase of 28% against the previous year. The total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Non-Reinforced Rubber Tubing Production in Western Africa

In value terms, non-reinforced rubber tubing production soared to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.9% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 111% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Non-Reinforced Rubber Tubing Exports

Exports in Western Africa

In 2021, after three years of decline, there was significant growth in overseas shipments of rubber tubing not reinforced, when their volume increased by 127% to X tons. Over the period under review, exports, however, showed a mild descent. The growth pace was the most rapid in 2016 with an increase of 135% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 99%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sierra Leone dominates exports structure, amounting to X tons, which was approx. 69% of total exports in 2021. Niger (X kg) held the second position in the ranking, followed by Cote d'Ivoire (X kg) and Burkina Faso (X kg). All these countries together took near 20% share of total exports. The following exporters - Mauritania (X kg) and Nigeria (X kg) - together made up 7.5% of total exports.

From 2012 to 2021, average annual rates of growth with regard to non-reinforced rubber tubing exports from Sierra Leone stood at +40.5%. At the same time, Mauritania (+47.6%), Niger (+6.2%), Burkina Faso (+5.1%) and Cote d'Ivoire (+4.0%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +47.6% from 2012-2021. By contrast, Nigeria (-30.1%) illustrated a downward trend over the same period. Sierra Leone (+66 p.p.), Mauritania (+4.1 p.p.), Niger (+3.8 p.p.), Cote d'Ivoire (+2.8 p.p.) and Burkina Faso (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -69.7% from 2012 to 2021, respectively.

In value terms, Sierra Leone ($X), Cote d'Ivoire ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2021, together accounting for 69% of total exports. These countries were followed by Niger, Burkina Faso and Mauritania, which together accounted for a further 16%.

Among the main exporting countries, Mauritania, with a CAGR of +55.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, waning by -32.9% against the previous year. Overall, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 when the export price increased by 113% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Non-Reinforced Rubber Tubing Imports

Imports in Western Africa

In 2021, approx. X tons of rubber tubing not reinforced were imported in Western Africa; jumping by 59% compared with 2020 figures. Over the period under review, imports, however, recorded a pronounced descent. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-reinforced rubber tubing imports skyrocketed to $X in 2021. Overall, imports continue to indicate a mild increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ghana (X tons) and Nigeria (X tons) were the major importers of rubber tubing not reinforced in Western Africa, together recording near 63% of total imports. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Senegal (X tons) and Guinea (X tons). All these countries together took approx. 23% share of total imports. The following importers - Sierra Leone (X tons), Liberia (X tons), Togo (X tons) and Benin (X tons) - together made up 8.6% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-reinforced rubber tubing importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Senegal ($X), with a combined 67% share of total imports. Cote d'Ivoire, Sierra Leone, Guinea, Benin, Togo and Liberia lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Cote d'Ivoire, with a CAGR of +28.9%, recorded the highest growth rate of 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

The import price in Western Africa stood at $X per ton in 2021, rising by 21% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-reinforced rubber tubing import price decreased by -10.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 59%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, 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 Sierra Leone ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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