Western Africa: Market for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m² 2024

Market Size for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m² in Western Africa

The West African market for graphic paper with mechanical fibre content under 10% and of weight under X g/m² shrank notably to $X in 2021, declining by -38.5% against the previous year. Over the period under review, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then declined sharply in the following year.

Production of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under X g/m² in Western Africa

In value terms, production of graphic paper with mechanical fibre content under 10% and of weight under X g/m² contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 34% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m²

Exports in Western Africa

In 2021, shipments abroad of graphic paper with mechanical fibre content under 10% and of weight under X g/m² increased by 10% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² rose notably to $X in 2021. Over the period under review, exports continue to indicate a temperate increase. The growth pace was the most rapid in 2018 when exports increased by 78% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Togo (X tons) and Nigeria (X tons) prevails in g/m² structure, together mixing up 89% of total exports. Senegal (X tons) ranks next in terms of the total exports with a 5.4% share, followed by Cote d'Ivoire (4.5%).

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +59.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the largest graphic paper with mechanical fibre content under 10% and of weight under X g/m² supplier in Western Africa, comprising 63% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 30% share of total exports. It was followed by Senegal, with a 3.9% share.

In Togo, exports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² increased at an average annual rate of +40.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (-2.8% per year) and Senegal (-20.5% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, rising by 2.5% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, 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 Togo ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+2.7%), while the other leaders experienced a decline in the export price figures.

Imports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight under 40 g/m²

Imports in Western Africa

In 2021, purchases abroad of graphic paper with mechanical fibre content under 10% and of weight under X g/m² decreased by -15.2% to X tons for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 134%. Over the period under review, imports of hit record highs at X tons in 2020, and then shrank sharply in the following year.

In value terms, imports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² fell markedly to $X in 2021. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 188%. The level of import peaked at $X in 2020, and then reduced markedly in the following year.

Imports by Country

The countries with the highest levels of imports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² in 2021 were Nigeria (X tons), together finishing at 99% of total import.

Nigeria was also the fastest-growing in terms of the graphic paper with mechanical fibre content under 10% and of weight under X g/m² imports, with a CAGR of +43.9% from 2012 to 2021. While the share of Nigeria (+45 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported graphic paper with mechanical fibre content under 10% and of weight under X g/m² in Western Africa.

In Nigeria, imports of graphic paper with mechanical fibre content under 10% and of weight under X g/m² expanded at an average annual rate of +40.2% over the period from 2012-2021.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, declining by -41.7% against the previous year. In general, the import price showed a mild decrease. The pace of growth appeared the most rapid in 2020 an increase of 52% against the previous year. As a result, import price attained the peak level of $X per ton, and then plummeted in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -2.5% per year.

Source: IndexBox Platform

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