ECOWAS: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in ECOWAS

The ECOWAS hand-made lace market declined to $X in 2022, falling by X% against the previous year. In general, consumption, however, enjoyed resilient growth. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hand-Made Lace Production in ECOWAS

In value terms, hand-made lace production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Hand-Made Lace Exports

Exports in ECOWAS

In 2022, the amount of hand-made lace in the piece, in strips or in motifs exported in ECOWAS stood at X tons, almost unchanged from 2021. Over the period under review, exports posted a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, hand-made lace exports fell to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Ghana prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons) and Togo (X tons), together mixing up a X% share of total exports. Senegal (X kg) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Togo increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest hand-made lace supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Ghana, hand-made lace exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) 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 mixed trends in the export price figures.

Hand-Made Lace Imports

Imports in ECOWAS

In 2022, imports of hand-made lace in the piece, in strips or in motifs in ECOWAS reduced remarkably to X tons, waning by X% on 2021. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, hand-made lace imports expanded sharply to $X in 2022. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X tons) represented the main importer of hand-made lace in the piece, in strips or in motifs, constituting X% of total imports. It was distantly followed by Nigeria (X tons), constituting a X% share of total imports. Niger (X tons) took a little share of total imports.

Cote d'Ivoire was also the fastest-growing in terms of the hand-made lace in the piece, in strips or in motifs imports, with a CAGR of X% from 2012 to 2022. At the same time, Niger (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports.

In Cote d'Ivoire, hand-made lace imports increased 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 Niger (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Niger ($X per ton) 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 mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :