Western Africa: Bedspread Market 2024

Bedspread Market Size in Western Africa

In 2022, the West African bedspread market decreased by X% to $X, falling for the second year in a row after seven years of growth. The total consumption indicated a notable 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Bedspread Production in Western Africa

In value terms, bedspread production shrank slightly to $X in 2022 estimated in export price. The total production indicated a measured 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Bedspread Exports

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in overseas shipments of bedspreads (excluding eiderdowns), when their volume decreased by X% to X units. In general, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined notably in the following year.

In value terms, bedspread exports surged to $X in 2022. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Benin was the major exporter of bedspreads (excluding eiderdowns) in Western Africa, with the volume of exports reaching X units, which was near X% of total exports in 2022. Togo (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (X%). The following exporters - Sierra Leone (X units), Ghana (X units), Nigeria (X units) and Cote d'Ivoire (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to bedspread exports from Benin stood at X%. At the same time, Sierra Leone (X%), Cote d'Ivoire (X%) and Togo (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. By contrast, Nigeria (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Benin (X p.p.), Togo (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Burkina Faso (X p.p.) and Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) remains the largest bedspread supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price showed a temperate expansion. Over the period under review, the export prices reached the maximum at $X per unit 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 ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Bedspread Imports

Imports in Western Africa

In 2022, the amount of bedspreads (excluding eiderdowns) imported in Western Africa skyrocketed to X units, rising by X% against the previous year. Overall, imports recorded a temperate expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, bedspread imports soared to $X in 2022. In general, imports showed noticeable growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Senegal (X units), Togo (X units), Gambia (X units), Mauritania (X units), Cote d'Ivoire (X units) and Ghana (X units) was the key importer of bedspreads (excluding eiderdowns) in Western Africa, comprising X% of total import. The following importers - Niger (X units) and Mali (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mauritania ($X), Ghana ($X) and Gambia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Cote d'Ivoire, Niger, Senegal, Togo and Mali lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Niger, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 unit, increasing by X% against the previous year. Overall, the import price showed mild growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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