Western Africa: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Western Africa

The West African ethylene polymer bag market dropped slightly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Ethylene Polymer Bag Production in Western Africa

In value terms, ethylene polymer bag production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 59%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports in Western Africa

After two years of decline, shipments abroad of sacks and bags of polymers of ethylene increased by 51% to X tons in 2022. Overall, exports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 with an increase of 67%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ethylene polymer bag exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable downturn. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Togo prevails in exports structure, finishing at X tons, which was approx. 87% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X tons), mixing up a 9.7% share of total exports. Ghana (X tons) followed a long way behind the leaders.

Togo was also the fastest-growing in terms of the sacks and bags of polymers of ethylene exports, with a CAGR of +6.8% from 2012 to 2022. Ghana (-13.0%) and Cote d'Ivoire (-15.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo increased by +48 percentage points.

In value terms, Togo ($X) remains the largest ethylene polymer bag supplier in Western Africa, comprising 86% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo stood at +6.5%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-15.5% per year) and Ghana (-22.2% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, reducing by -7.4% against the previous year. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+0.4%), while the other leaders experienced a decline in the export price figures.

Ethylene Polymer Bag Imports

Imports in Western Africa

In 2022, approx. X tons of sacks and bags of polymers of ethylene were imported in Western Africa; waning by -8.6% on 2021. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% 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 -22.4% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 54%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, ethylene polymer bag imports dropped to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 -39.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 42%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Mali (X tons), Ghana (X tons), Burkina Faso (X tons) and Senegal (X tons) represented roughly 73% of total imports in 2022. It was distantly followed by Nigeria (X tons), committing a 7.2% share of total imports. The following importers - Cote d'Ivoire (X tons), Niger (X tons) and Sierra Leone (X tons) - together made up 8.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer bag importing markets in Western Africa were Mali ($X), Ghana ($X) and Senegal ($X), with a combined 66% share of total imports. Nigeria, Cote d'Ivoire, Niger, Burkina Faso and Sierra Leone lagged somewhat behind, together comprising a further 22%.

Among the main importing countries, Nigeria, with a CAGR of +14.0%, saw the highest rates of growth with regard to 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 2022, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 8.5% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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