ECOWAS: Nonwoven Fabric Market 2024

Nonwoven Fabric Market Size in ECOWAS

The ECOWAS nonwoven fabric market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Nonwoven Fabric Production in ECOWAS

In value terms, nonwoven fabric production reached $X in 2022 estimated in export price. The total production indicated a strong 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 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Nonwoven Fabric Exports

Exports in ECOWAS

In 2022, exports of nonwoven fabrics in ECOWAS skyrocketed to X tons, picking up by X% on the year before. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, nonwoven fabric exports surged to $X in 2022. Over the period under review, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Sierra Leone (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%).

Senegal was also the fastest-growing in terms of the nonwoven fabrics exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. By contrast, Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal and Ghana increased by X and X percentage points, respectively.

In value terms, Senegal ($X) emerged as the largest nonwoven fabric supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with an X% share of total exports.

In Senegal, nonwoven fabric 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: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Nonwoven Fabric Imports

Imports in ECOWAS

Nonwoven fabric imports skyrocketed to X tons in 2022, increasing by X% on the previous year. Over the period under review, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nonwoven fabric imports surged to $X in 2022. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) was the key importer of nonwoven fabrics, making up X% of total imports. It was distantly followed by Ghana (X tons), Cote d'Ivoire (X tons) and Senegal (X tons), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to nonwoven fabric imports into Nigeria stood at X%. At the same time, Senegal (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.), Cote d'Ivoire (X p.p.) and Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

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

In Nigeria, nonwoven fabric imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price 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, nonwoven fabric import price decreased by X% against 2017 indices. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :