Western Africa: Stamping Foil Market 2024

Stamping Foil Market Size in Western Africa

The West African stamping foil market reduced to $X in 2022, falling by X% against the previous year. In general, consumption, however, posted a resilient increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Stamping Foil Production in Western Africa

In value terms, stamping foil production reduced slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Stamping Foil Exports

Exports in Western Africa

In 2022, the amount of stamping foils exported in Western Africa fell significantly to X kg, declining by X% against the previous year. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, stamping foil exports dropped markedly to $X in 2022. In general, exports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Nigeria (X kg), together accounting for X% of total export.

Nigeria was also the fastest-growing in terms of the stamping foils exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest stamping foil supplier in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Stamping Foil Imports

Imports in Western Africa

Stamping foil imports contracted markedly to X tons in 2022, declining by X% compared with 2021 figures. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, stamping foil imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria was the largest importer of stamping foils in Western Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons) and Senegal (X tons), together achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to stamping foil imports into Nigeria stood at X%. At the same time, Senegal (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cote d'Ivoire and Ghana increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported stamping foils in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, stamping foil imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stamping foil import price increased by X% against 2019 indices. The growth pace was the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the 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 ($X per ton), while Cote d'Ivoire ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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