ECOWAS: Jersey Market 2024

Jersey Market Size in ECOWAS

The ECOWAS jersey market declined slightly to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, recorded a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Jersey Production in ECOWAS

In value terms, jersey production amounted to $X in 2022 estimated in export price. The total production indicated a resilient expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Jersey Exports

Exports in ECOWAS

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were exported in ECOWAS; waning by X% against 2021. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, jersey exports reduced remarkably to $X in 2022. Overall, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X units) was the major exporter of jerseys, pullovers, cardigans and similar articles in ECOWAS, creating X% of total export.

Ghana was also the fastest-growing in terms of the jerseys, pullovers, cardigans and similar articles exports, with a CAGR of X% from 2012 to 2022. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest jersey supplier in ECOWAS.

In Ghana, jersey exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2014 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Jersey Imports

Imports in ECOWAS

Jersey imports dropped remarkably to X units in 2022, which is down by X% compared with 2021. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, jersey imports declined notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Guinea (X units) represented the major importer of jerseys, pullovers, cardigans and similar articles, mixing up X% of total imports. Ghana (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Cote d'Ivoire (X%) and Niger (X%). Sierra Leone (X units), Cabo Verde (X units) and Guinea-Bissau (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to jersey imports into Guinea stood at X%. At the same time, Niger (X%), Guinea-Bissau (X%), Sierra Leone (X%), Senegal (X%), Cote d'Ivoire (X%), Ghana (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Guinea (X p.p.), Ghana (X p.p.), Senegal (X p.p.), Niger (X p.p.), Cote d'Ivoire (X p.p.), Sierra Leone (X p.p.), Cabo Verde (X p.p.) and Guinea-Bissau (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guinea ($X) constitutes the largest market for imported jerseys, pullovers, cardigans and similar articles in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Guinea, jersey 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: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, rising by X% against the previous year. In general, the import price saw prominent growth. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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