Key Market Indicators
Senegal's plastic export industry is projected to experience modest growth, with exports expected to reach approximately $36.4 million by 2028. This marks a slight increase from the current figure of $36.2 million in 2023, reflecting an average annual growth rate of 0.1%. However, it is important to note that since 2001, the country's plastic export supply has seen a decline of 3% annually. In contrast, Senegal's plastic import sector is on a more robust growth trajectory. Imports are forecasted to rise to about $293.6 million by 2028, up from $256.8 million in 2023. This growth translates to a compound annual growth rate (CAGR) of 2.2%. Since 2001, the demand for plastic imports in Senegal has surged by an average of 2.3% per year. These trends highlight differing dynamics within Senegal's plastic trade, with exports stagnating while imports continue to climb steadily.
