Western Africa: Synthetic Yarn Market 2025

Synthetic Yarn Market Size in Western Africa

The West African synthetic yarn market expanded to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Synthetic Yarn Production in Western Africa

In value terms, synthetic yarn production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Synthetic Yarn Exports

Exports in Western Africa

In 2022, after three years of decline, there was growth in shipments abroad of yarn of synthetic or artificial staple fibers, when their volume increased by X% to X tons. In general, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, synthetic yarn exports dropped to $X in 2022. Over the period under review, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal was the largest exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by Ghana (X tons), Mali (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons), together committing a X% share of total exports. Sierra Leone (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to synthetic yarn exports from Senegal stood at X%. At the same time, Niger (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%), Mali (X%), Ghana (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Senegal (X p.p.), Cote d'Ivoire (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total exports, while Sierra Leone and Ghana saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest synthetic yarn supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Synthetic Yarn Imports

Imports in Western Africa

In 2022, approx. X tons of yarn of synthetic or artificial staple fibers were imported in Western Africa; dropping by X% against 2021. Overall, imports, however, continue to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, synthetic yarn imports totaled $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value 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, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana was the major importer of yarn of synthetic or artificial staple fibers in Western Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. Nigeria (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Togo (X%), Cote d'Ivoire (X%) and Burkina Faso (X%). The following importers - Guinea (X tons) and Senegal (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to synthetic yarn imports into Ghana stood at X%. At the same time, Burkina Faso (X%), Togo (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Guinea (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Togo and Burkina Faso increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported yarn of synthetic or artificial staple fibers in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Ghana, synthetic yarn imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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