Western Africa: Market for Unsaturated Polyesters In Primary Forms 2025

Market Size for Unsaturated Polyesters In Primary Forms in Western Africa

In 2021, the West African market for unsaturated polyesters in primary forms increased by 10% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Western Africa

In value terms, unsaturated polyesters in primary forms production expanded notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 26%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports in Western Africa

In 2021, shipments abroad of unsaturated polyesters in primary forms increased by 122% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 5,201% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, unsaturated polyesters in primary forms exports reached $X in 2021. Overall, exports, however, showed a sharp curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 4,256% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, finishing at X tons, which was near 94% of total exports in 2021. It was distantly followed by Sierra Leone (X tons), generating a 4.7% share of total exports.

Nigeria was also the fastest-growing in terms of the unsaturated polyesters in primary forms exports, with a CAGR of -10.5% from 2012 to 2021. Sierra Leone (-18.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria increased by +4.7 percentage points.

In value terms, Nigeria ($X) emerged as the largest unsaturated polyesters in primary forms supplier in Western Africa, comprising 96% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a 2.8% share of total exports.

In Nigeria, unsaturated polyesters in primary forms exports declined by an average annual rate of -21.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, reducing by -54.7% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 34%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

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 Nigeria ($X per ton), while Sierra Leone stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-12.6%).

Imports of Unsaturated Polyesters In Primary Forms

Imports in Western Africa

Unsaturated polyesters in primary forms imports surged to X tons in 2021, growing by 22% on the previous year's figure. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by 65% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. Over the period under review, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which recorded 56% of total imports. Mauritania (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (9.9%), Ghana (8.4%) and Senegal (7%).

Imports into Nigeria increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Mauritania (+32.7%), Senegal (+16.4%), Ghana (+5.9%) and Cote d'Ivoire (+5.5%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +32.7% from 2012-2021. While the share of Mauritania (+15 p.p.) and Senegal (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cote d'Ivoire (-2 p.p.) and Nigeria (-12.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported unsaturated polyesters in primary forms in Western Africa, comprising 57% of total imports. The second position in the ranking was taken by Mauritania ($X), with a 19% share of total imports. It was followed by Cote d'Ivoire, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +4.6%. In the other countries, the average annual rates were as follows: Mauritania (+33.9% per year) and Cote d'Ivoire (+0.7% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, increasing by 37% against the previous year. In general, the import price, however, saw a mild descent. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Mauritania ($X per ton) and Nigeria ($X per ton), while Senegal ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :