Market research

Natural latex in primary forms market in Western Africa

$Natural latex in primary forms market in Western Africa$

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Western Africa" region includes following countries:

Cabo Verde

Benin

Gambia

Ghana

Guinea

Côte d'Ivoire

Liberia

Mali

Mauritania

Niger

Nigeria

Guinea-Bissau

Saint Helena, Ascension and Tristan da Cunha

Senegal

Sierra Leone

Togo

Burkina Faso

Earlier Report Observations

The market volume for natural latex in primary forms in West Africa expanded consistently from 689 thousand tonnes in 2018 to 1 392 thousand tonnes in 2023, measured in physical terms. The most significant annual increase occurred in 2021, when volume jumped by over 300 thousand tonnes. In value terms, the market grew from 423 million USD to a peak of 1 025 million USD in 2022, before declining to 927 million USD in 2023, indicating a shift in price dynamics alongside the physical growth.

By 2024, key market influences included a continued rise in natural latex prices, which directly increased production costs. Simultaneously, a growing consumer preference for natural and sustainable materials in bedding and mattress products bolstered demand for latex in these segments, supporting overall market activity.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Western Africa
  1. 5.1.1. Annual dynamics of production in Western Africa in kind, 2018-2023, K t
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cabo Verde, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Cabo Verde in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cabo Verde by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cabo Verde in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cabo Verde by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cabo Verde, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Cabo Verde by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Cabo Verde in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cabo Verde by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cabo Verde in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cabo Verde by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cabo Verde, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Cabo Verde by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production natural latex in primary forms in Western Africa

In kind, 2017-2020, K t

Top producers of natural latex in primary forms, 2017-2020

Source: SHEV.io

World map of production of natural latex in primary forms, 2017-2020

Source: SHEV.io

Natural latex production in primary forms in Western Africa has increased for the third consecutive year. In 2020, the region produced 1,179 thousand tonnes, marking a 17.8% year-on-year rise. From 2017 to 2020, production grew by 57.6%, which translates to an annualized growth rate of 16.4%.

Annual dynamics of production in Western Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.8%	20.8%	17.8%	16.4%

Source: SHEV.io

Exports natural latex in primary forms from Western Africa

Exports in kind, K t

Western Africa's exports of natural latex in primary forms have risen for the second year in a row. In 2020, the region exported 249.6 thousand tonnes, a sharp increase of 34.0% compared to the previous year. Over the 2017-2020 period, exports grew by 29.6%, with a compound annual growth rate (CAGR) of 9.0%. The lowest export volume was recorded in 2018 at 139.8 thousand tonnes, which also saw the largest decline of 27.4%.

Annual dynamics of product's exports from Western Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(27.4%)	33.2%	34.0%	9.0%

Source: SHEV.io

From 2017 to 2020, Malaysia remained the dominant export partner for natural latex in primary forms from Western Africa, accounting for 75.4% of total flows, while other markets made up the remainder.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Western Africa in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Foreign supplies of natural latex in primary forms from Western Africa have increased for the third consecutive year. In 2020, exports reached 148.9 million US dollars, reflecting a significant improvement of 33.6% from 2019. Between 2017 and 2020, exports surged by 316.5%, with a compound annual growth rate (CAGR) of 60.9%.

Annual dynamics of product's exports from Western Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	140.1%	29.8%	33.6%	60.9%

Source: SHEV.io

Throughout 2017 to 2020, Malaysia played a dominant role in the value of exports of natural latex in primary forms from Western Africa, consistently representing 91.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Western Africa in value, 2017-2020

Source: SHEV.io

Imports natural latex in primary forms to Western Africa

Imports in kind, K t

The import market showed volatility during the observed period. Imports peaked in 2019 and reached their lowest point in 2020, with a 3.9-fold difference between these years. In 2020, Western Africa imported 0.2 thousand tonnes of natural latex in primary forms, a dramatic decline of 74.1% from the previous year. The maximum import volume was recorded in 2019 at 0.2 thousand tonnes, which also saw the largest increase of 134.6%.

Annual dynamics of product's imports to Western Africa in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(53.9%)	134.6%	(74.1%)	(34.6%)

Source: SHEV.io

From 2017 to 2020, China was the primary destination for imports of natural latex in primary forms to Western Africa, absorbing 75.6% of total imports in kind, with the rest distributed among various smaller markets.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Western Africa in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

In 2020, the value of natural latex in primary forms imported by Western Africa was 0.1 million US dollars, indicating a decline of 53.3% year-on-year. Over the 2017-2020 period, imports decreased by 48.4%, with a compound annual growth rate (CAGR) of -19.8%. The highest import value was recorded in 2019 at 0.2 million US dollars, which also experienced the largest increase of 28.1%.

Annual dynamics of product's imports to Western Africa in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.7%)	28.1%	(53.3%)	(19.8%)

Source: SHEV.io

From 2017 to 2020, the leading destinations for imports in value terms of natural latex in primary forms to Western Africa were China (54.0% of imports), Malaysia (13.4% of imports), and the United Kingdom (3.6% of imports), together accounting for 71.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Western Africa in value, 2017-2020

Source: SHEV.io