ECOWAS: Plastic Extruder Market 2024

Plastic Extruder Market Size in ECOWAS

The ECOWAS plastic extruder market dropped remarkably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Plastic Extruder Production in ECOWAS

In value terms, plastic extruder production contracted to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Plastic Extruder Exports

Exports in ECOWAS

In 2022, overseas shipments of extruders for working rubber or plastics decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, plastic extruder exports shrank to $X in 2022. Over the period under review, exports showed a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of extruders for working rubber or plastics, namely Senegal, Togo and Ghana, represented more than two-thirds of total export. It was distantly followed by Cote d'Ivoire (X units), committing a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Togo (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Senegal ($X) remains the largest plastic extruder supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Senegal stood at X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Plastic Extruder Imports

Imports in ECOWAS

After two years of growth, purchases abroad of extruders for working rubber or plastics decreased by X% to X units in 2022. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then reduced dramatically in the following year.

In value terms, plastic extruder imports declined rapidly to $X in 2022. In general, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

Nigeria represented the largest importer of extruders for working rubber or plastics in ECOWAS, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Togo (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%), Cote d'Ivoire (X%) and Guinea (X%). Senegal (X units) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Guinea (X%), Ghana (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Togo (X p.p.), Ghana (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported extruders for working rubber or plastics in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Togo, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a slight descent. The pace of growth was the most pronounced in 2014 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, 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 Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :