ECOWAS: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in ECOWAS

The ECOWAS non-knitted men apparel market dropped to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Knitted Men Apparel Production in ECOWAS

In value terms, non-knitted men apparel production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports in ECOWAS

In 2022, shipments abroad of men's or boys' clothing (not knitted or crocheted) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, non-knitted men apparel exports dropped to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cabo Verde represented the main exporting country with an export of around X units, which resulted at X% of total exports. Nigeria (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%). The following exporters - Senegal (X units), Sierra Leone (X units), Guinea (X units) and Mali (X units) - each amounted to an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-knitted men apparel exports from Cabo Verde stood at X%. At the same time, Senegal (X%), Ghana (X%), Guinea (X%), Mali (X%) and Sierra Leone (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, Nigeria (X%) illustrated a downward trend over the same period. While the share of Cabo Verde (X p.p.), Ghana (X p.p.), Senegal (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X) remains the largest non-knitted men apparel supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

In Cabo Verde, non-knitted men apparel exports 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 Sierra Leone (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Mali ($X per unit) was amongst the lowest.

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

Non-Knitted Men Apparel Imports

Imports in ECOWAS

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were imported in ECOWAS; increasing by X% compared with the previous year's figure. Over the period under review, imports showed resilient growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-knitted men apparel imports reached $X in 2022. Total imports indicated a resilient 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 pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana dominates imports structure, resulting at X units, which was near X% of total imports in 2022. Guinea (X units) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). Sierra Leone (X units) and Mali (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the men's or boys' clothing (not knitted or crocheted) imports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Mali (X%) and Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Sierra Leone increased by X and X percentage points, respectively.

In value terms, Ghana ($X), Guinea ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per unit), while Ghana ($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

Frequently Asked Questions (FAQ) :