Western Africa: Twine Product Market 2024

Twine Product Market Size in Western Africa

The West African twine product market expanded slightly to $X in 2022, growing by X% against the previous year. The total consumption indicated resilient growth 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, consumption increased by X% against 2017 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Twine Product Production in Western Africa

In value terms, twine product production stood at $X in 2022 estimated in export price. In general, production saw prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Twine Product Exports

Exports in Western Africa

In 2022, overseas shipments of articles of twine, cordage, rope or cables increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, twine product exports rose rapidly to $X in 2022. Overall, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire was the key exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Ghana (X tons), comprising a X% share of total exports. Guinea-Bissau (X tons) followed a long way behind the leaders.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of articles of twine, cordage, rope or cables. Ghana experienced a relatively flat trend pattern. Guinea-Bissau (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest twine product supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Cote d'Ivoire, twine product exports declined by 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: Ghana (X% per year) and Guinea-Bissau (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Cote d'Ivoire ($X per ton), while Guinea-Bissau ($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 a decline in the export price figures.

Twine Product Imports

Imports in Western Africa

In 2022, imports of articles of twine, cordage, rope or cables in Western Africa expanded sharply to X tons, picking up by X% compared with the year before. In general, imports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, twine product imports dropped to $X in 2022. Overall, imports, however, saw a slight decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons), Ghana (X tons), Burkina Faso (X tons), Cote d'Ivoire (X tons), Togo (X tons) and Senegal (X tons) was the key importer of articles of twine, cordage, rope or cables in Western Africa, comprising X% of total import. Cabo Verde (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest twine product importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Senegal ($X), with a combined X% share of total imports.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 Western Africa amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

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 Ghana ($X per ton), while Burkina Faso ($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

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