Key Market Indicators
Benin's plastic export industry is projected to grow steadily over the next few years, with exports expected to reach approximately $2.5 million by 2028. This marks a modest increase from the current figure of around $2.4 million reported in 2023, reflecting a compound annual growth rate (CAGR) of 0.7%. Since 2003, Benin's plastic export supply has seen a significant rise, averaging an annual growth rate of 9.9%. On the import side, Benin's plastic demand is anticipated to experience more robust growth. Imports are forecasted to surge to nearly $48 million by 2028, up from approximately $42 million in 2023. This represents an average annual growth rate of 2.1%. Since 2003, the country's plastic import demand has expanded at an average rate of 1.4% per year. These figures indicate a growing market for both the export and import of plastics in Benin, highlighting the country's increasing involvement in the global plastics trade.
