Western Africa: Paperboard Container Machine Market 2024

Paperboard Container Machine Market Size in Western Africa

For the third consecutive year, the West African paperboard container machine market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption, however, continues to indicate a remarkable increase. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in the near future.

Paperboard Container Machine Production in Western Africa

In value terms, paperboard container machine production expanded significantly to $X in 2023 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Paperboard Container Machine Exports

Exports in Western Africa

For the fourth year in a row, Western Africa recorded growth in shipments abroad of machines for making containers of paper or paperboard, which increased by X% to X units in 2023. Overall, exports saw a resilient increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, paperboard container machine exports shrank to $X in 2023. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cabo Verde (X units) and Ghana (X units) represented roughly X% of total exports in 2023. It was followed by Senegal (X units), creating a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Ghana (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X) remains the largest paperboard container machine supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Cabo Verde amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2023, the export prices remained at a somewhat 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 Cabo Verde ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Paperboard Container Machine Imports

Imports in Western Africa

In 2023, imports of machines for making containers of paper or paperboard in Western Africa dropped dramatically to X units, with a decrease of X% against the previous year's figure. Overall, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, paperboard container machine imports reduced slightly to $X in 2023. Over the period under review, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

Nigeria (X units) and Ghana (X units) prevails in imports structure, together achieving X% of total imports. It was distantly followed by Senegal (X units), generating a X% share of total imports. The following importers - Cote d'Ivoire (X units) and Benin (X units) - each recorded a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Benin (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for making containers of paper or paperboard in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price posted prominent growth. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) 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