ECOWAS: Pantyhose Market 2024

Pantyhose Market Size in ECOWAS

The ECOWAS pantyhose market rose modestly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Pantyhose Production in ECOWAS

In value terms, pantyhose production expanded to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Pantyhose Exports

Exports in ECOWAS

In 2023, after two years of growth, there was significant decline in overseas shipments of pantyhose and tights, when their volume decreased by X% to X pairs. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X pairs. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, pantyhose exports shrank notably to $X in 2023. In general, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then declined markedly in the following year.

Exports by Country

Senegal prevails in exports structure, reaching X pairs, which was near X% of total exports in 2023. Cote d'Ivoire (X pairs) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Senegal and Cote d'Ivoire increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest pantyhose supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an X% share of total exports.

In Senegal, pantyhose exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ECOWAS stood at $X per pair in 2023, picking up by X% against the previous year. In general, the export price, however, showed a slight setback. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per pair. From 2021 to 2023, 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 Cote d'Ivoire ($X per pair), while Senegal amounted to $X per pair.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Pantyhose Imports

Imports in ECOWAS

In 2023, the amount of pantyhose and tights imported in ECOWAS soared to X pairs, increasing by X% against the year before. Overall, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

In value terms, pantyhose imports surged to $X in 2023. In general, imports saw a resilient increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X pairs), Ghana (X pairs) and Togo (X pairs) represented roughly X% of total imports in 2023. Burkina Faso (X pairs) ranks next in terms of the total imports with a X% share, followed by Sierra Leone (X%). Senegal (X pairs) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main 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, Ghana ($X) constitutes the largest market for imported pantyhose and tights in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Togo ($X), with a X% share of total imports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Togo (X% per year) and Sierra Leone (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per pair in 2023, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per pair. From 2017 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ghana ($X per pair), while Burkina Faso (less than $X per pair) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform