ECOWAS: Gloves Market 2024

Gloves Market Size in ECOWAS

The ECOWAS gloves market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, consumption saw a mild expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Gloves Production in ECOWAS

In value terms, gloves production rose to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Gloves Exports

Exports in ECOWAS

In 2022, overseas shipments of gloves, mittens and mitts were finally on the rise to reach X pairs for the first time since 2018, thus ending a three-year declining trend. In general, exports enjoyed strong growth. Over the period under review, the exports attained the peak figure at X pairs in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, gloves exports fell to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Senegal (X pairs) and Cote d'Ivoire (X pairs) dominates exports structure, together committing X% of total exports. It was distantly followed by Ghana (X pairs), making up an X% share of total exports. Mali (X pairs) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Senegal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest gloves supplying countries in ECOWAS were Cote d'Ivoire ($X), Mali ($X) and Senegal ($X), with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per pair, dropping by X% against the previous year. In general, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per pair in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per pair), while Senegal ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Gloves Imports

Imports in ECOWAS

In 2022, after four years of growth, there was significant decline in supplies from abroad of gloves, mittens and mitts, when their volume decreased by X% to X pairs. In general, imports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X pairs in 2021, and then fell markedly in the following year.

In value terms, gloves imports dropped notably to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell remarkably in the following year.

Imports by Country

Cote d'Ivoire (X pairs), Senegal (X pairs) and Nigeria (X pairs) represented roughly X% of total imports in 2022. It was distantly followed by Ghana (X pairs) and Niger (X pairs), together creating a X% share of total imports. Togo (X pairs), Burkina Faso (X pairs), Guinea (X pairs), Benin (X pairs) and Liberia (X pairs) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported gloves, mittens and mitts in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Cote d'Ivoire, gloves imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per pair in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per pair. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per pair), while Benin ($X per pair) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :