Western Africa: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Western Africa

The West African vulcanised cellular rubber articles market contracted to $X in 2021, dropping by -10% against the previous year. Over the period under review, consumption, however, showed prominent growth. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Western Africa

In value terms, vulcanised cellular rubber articles production dropped to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 68% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports in Western Africa

In 2021, after two years of decline, there was significant growth in shipments abroad of vulcanised cellular rubber articles for technical uses, when their volume increased by 102% to X tons. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 122% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. Overall, exports recorded a resilient expansion. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Senegal (X tons) was the major exporter of vulcanised cellular rubber articles for technical uses, committing 44% of total exports. Mauritania (X kg) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Mali (17%), Sierra Leone (8.3%) and Niger (6%).

From 2012 to 2021, average annual rates of growth with regard to vulcanised cellular rubber articles exports from Senegal stood at +53.7%. At the same time, Mauritania (+106.3%), Niger (+14.7%), Mali (+8.1%) and Sierra Leone (+2.6%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +106.3% from 2012-2021. From 2012 to 2021, the share of Senegal, Mauritania and Niger increased by +41, +20 and +1.6 percentage points, respectively.

In value terms, Senegal ($X) emerged as the largest vulcanised cellular rubber articles supplier in Western Africa, comprising 52% of total exports. The second position in the ranking was held by Mali ($X), with an 18% share of total exports. It was followed by Mauritania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Senegal totaled +56.2%. In the other countries, the average annual rates were as follows: Mali (+14.6% per year) and Mauritania (+96.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, rising by 21% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 104%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Senegal ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+14.5%), while the other leaders experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports in Western Africa

In 2021, supplies from abroad of vulcanised cellular rubber articles for technical uses decreased by -5.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.9% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, vulcanised cellular rubber articles imports expanded remarkably to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.1% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 23%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Ghana (X tons), distantly followed by Senegal (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons) were the major importers of vulcanised cellular rubber articles for technical uses, together making up 83% of total imports. Guinea (X tons), Benin (X tons) and Liberia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +54.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported vulcanised cellular rubber articles for technical uses in Western Africa, comprising 36% of total imports. The second position in the ranking was taken by Senegal ($X), with an 18% share of total imports. It was followed by Cote d'Ivoire, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana totaled -4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (+9.0% per year) and Cote d'Ivoire (+22.0% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, with an increase of 18% against the previous year. Overall, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 28% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Liberia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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