Western Africa: Printing Components Market 2024

Printing Components Market Size in Western Africa

The West African printing components market contracted dramatically to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable decline. The level of consumption peaked at $X in 2021, and then dropped sharply in the following year.

Printing Components Production in Western Africa

In value terms, printing components production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Printing Components Exports

Exports in Western Africa

Printing components exports soared to X tons in 2022, picking up by X% against 2021. Overall, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing components exports expanded modestly to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal was the key exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Sierra Leone (X kg), generating a X% share of total exports. Cote d'Ivoire (X kg), Mali (X kg) and Ghana (X kg) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Mali (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Sierra Leone (X p.p.) and Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, the largest printing components supplying countries in Western Africa were Sierra Leone ($X), Senegal ($X) and Ghana ($X), together accounting for X% of total exports.

Among the main exporting countries, Sierra Leone, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 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 ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Printing Components Imports

Imports in Western Africa

After two years of growth, supplies from abroad of printing components decreased by X% to X tons in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, printing components imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then dropped notably in the following year.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. Ghana (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the printing components imports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported printing components in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports.

In Nigeria, printing components imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Ghana ($X per ton), while Nigeria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Source: IndexBox Platform

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