| Product Code: ETC5308808 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Togo continued to see significant imports of polystyrene foam, with top exporting countries being Ghana, China, and Belgium. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 65.94%, showing strong demand for this product. However, there was a notable decline in growth rate from 2023 to 2024 at -26.11%, suggesting potential market challenges or shifts in consumer preferences. Monitoring these trends will be crucial for stakeholders in the polystyrene foam industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Togo Polystyrene Foam Market Overview |
3.1 Togo Country Macro Economic Indicators |
3.2 Togo Polystyrene Foam Market Revenues & Volume, 2021 & 2031F |
3.3 Togo Polystyrene Foam Market - Industry Life Cycle |
3.4 Togo Polystyrene Foam Market - Porter's Five Forces |
3.5 Togo Polystyrene Foam Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Togo Polystyrene Foam Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Togo Polystyrene Foam Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for packaging solutions in industries such as food and beverage, electronics, and healthcare, where polystyrene foam is commonly used. |
4.2.2 Growing construction industry in Togo, leading to higher demand for insulation materials like polystyrene foam. |
4.2.3 Cost-effectiveness and versatility of polystyrene foam compared to other materials, driving its adoption in various applications. |
4.3 Market Restraints |
4.3.1 Environmental concerns and regulations regarding the use of polystyrene foam due to its non-biodegradable nature and potential impact on ecosystems. |
4.3.2 Fluctuations in raw material prices, such as styrene, affecting the production costs of polystyrene foam manufacturers. |
5 Togo Polystyrene Foam Market Trends |
6 Togo Polystyrene Foam Market Segmentations |
6.1 Togo Polystyrene Foam Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Togo Polystyrene Foam Market Revenues & Volume, By Expanded Polystyrene Foam, 2021-2031F |
6.1.3 Togo Polystyrene Foam Market Revenues & Volume, By Extruded Polystyrene Foam, 2021-2031F |
6.2 Togo Polystyrene Foam Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Togo Polystyrene Foam Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.3 Togo Polystyrene Foam Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.2.4 Togo Polystyrene Foam Market Revenues & Volume, By Others, 2021-2031F |
7 Togo Polystyrene Foam Market Import-Export Trade Statistics |
7.1 Togo Polystyrene Foam Market Export to Major Countries |
7.2 Togo Polystyrene Foam Market Imports from Major Countries |
8 Togo Polystyrene Foam Market Key Performance Indicators |
8.1 Recycling rate of polystyrene foam in Togo, indicating the sustainability efforts and environmental impact of the market. |
8.2 Adoption rate of alternative eco-friendly packaging materials in industries traditionally using polystyrene foam, reflecting changing consumer preferences and regulatory pressures. |
8.3 Investment in research and development for innovative applications of polystyrene foam, showcasing the market's potential for growth and diversification. |
9 Togo Polystyrene Foam Market - Opportunity Assessment |
9.1 Togo Polystyrene Foam Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Togo Polystyrene Foam Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Togo Polystyrene Foam Market - Competitive Landscape |
10.1 Togo Polystyrene Foam Market Revenue Share, By Companies, 2024 |
10.2 Togo Polystyrene Foam Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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