Western Africa: Market for Brassieres, Girdles And Corsets 2024

Market Size for Brassieres, Girdles And Corsets in Western Africa

The West African brassiere, girdle and corset market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, enjoyed a noticeable expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Brassieres, Girdles And Corsets in Western Africa

In value terms, brassiere, girdle and corset production contracted to $X in 2022 estimated in export price. Overall, production, however, enjoyed a perceptible expansion. 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 failed to regain momentum.

Exports of Brassieres, Girdles And Corsets

Exports in Western Africa

In 2022, brassiere, girdle and corset exports in Western Africa skyrocketed to X units, with an increase of X% compared with the previous year. In general, exports saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, brassiere, girdle and corset exports surged to $X in 2022. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Sierra Leone prevails in exports structure, reaching X units, which was near X% of total exports in 2022. Ghana (X units), Benin (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to brassiere, girdle and corset exports from Sierra Leone stood at X%. At the same time, Ghana (X%) and Benin (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sierra Leone and Ghana increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X) remains the largest brassiere, girdle and corset supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

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

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price, however, enjoyed a modest increase. The pace of growth was the most pronounced in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. 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 Sierra Leone ($X per unit), while Cote d'Ivoire ($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 mixed trends in the export price figures.

Imports of Brassieres, Girdles And Corsets

Imports in Western Africa

After three years of growth, overseas purchases of brassieres, girdles and corsets decreased by X% to X units in 2022. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, brassiere, girdle and corset imports declined remarkably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell significantly in the following year.

Imports by Country

Ghana was the major importing country with an import of around X units, which recorded X% of total imports. It was distantly followed by Senegal (X units), Cote d'Ivoire (X units), Mauritania (X units) and Nigeria (X units), together achieving a X% share of total imports. The following importers - Guinea (X units) and Liberia (X units) - together made up X% of total imports.

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

In value terms, Ghana ($X) constitutes the largest market for imported brassieres, girdles and corsets in Western Africa, comprising X% of total imports. The second position in the ranking was held by Guinea ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%. In the other countries, the average annual rates were as follows: Guinea (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, reducing by X% against the previous year. Overall, the import price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 ($X per unit), while Senegal ($X per unit) 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 a decline in the import price figures.

Source: IndexBox Platform

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