ECOWAS: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in ECOWAS

The ECOWAS market for plastic fittings for tubes, pipes and hoses rose to $X in 2023, increasing by X% against the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Plastic Fittings for Tubes, Pipes and Hoses in ECOWAS

In value terms, production of plastic fittings for tubes, pipes and hoses expanded modestly to $X in 2023 estimated in export price. The total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports in ECOWAS

In 2023, approx. X tons of plastic fittings for tubes, pipes and hoses were exported in ECOWAS; dropping by X% on 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2022, and then fell significantly in the following year.

In value terms, exports of plastic fittings for tubes, pipes and hoses declined remarkably to $X in 2023. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

Cote d'Ivoire dominates hoses structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Togo (X tons), achieving a X% share of total exports. Ghana (X tons) took a minor share of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire and Togo increased by X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest plastic fittings for tubes, pipes and hoses supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Cote d'Ivoire, exports of plastic fittings for tubes, pipes and hoses increased at an average annual rate of X% over the period from 2012-2023. 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 2023, the export price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports in ECOWAS

In 2023, approx. X tons of plastic fittings for tubes, pipes and hoses were imported in ECOWAS; remaining relatively unchanged against 2022. Total imports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of plastic fittings for tubes, pipes and hoses contracted to $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which amounted to X% of total imports. Ghana (X tons) held the second position in the ranking, followed by Senegal (X tons), Cote d'Ivoire (X tons) and Togo (X tons). All these countries together held approx. X% share of total imports. Mali (X tons), Benin (X tons), Burkina Faso (X tons), Guinea (X tons), Sierra Leone (X tons), Gambia (X tons), Cabo Verde (X tons) and Liberia (X tons) held a minor share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%), Guinea (X%), Cote d'Ivoire (X%), Senegal (X%), Mali (X%), Benin (X%), Liberia (X%), Burkina Faso (X%), Gambia (X%), Sierra Leone (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. Cabo Verde experienced a relatively flat trend pattern. From 2012 to 2023, the share of Cote d'Ivoire, Togo, Senegal, Guinea, Mali and Benin increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic fittings for tubes, pipes and hoses importing markets in ECOWAS were Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total imports. Ghana, Mali, Guinea, Cabo Verde, Burkina Faso, Sierra Leone, Gambia, Togo, Benin and Liberia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Togo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform