Western Africa: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Western Africa

The West African narrow woven fabric market fell to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Narrow Woven Fabric Production in Western Africa

In value terms, narrow woven fabric production dropped slightly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Narrow Woven Fabric Exports

Exports in Western Africa

In 2022, shipments abroad of narrow woven fabrics increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, narrow woven fabric exports surged to $X in 2022. Total exports 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Nigeria (X tons) represented the main exporter of narrow woven fabrics, constituting X% of total exports. It was distantly followed by Senegal (X tons), Ghana (X tons), Mauritania (X tons) and Niger (X tons), together generating a X% share of total exports. Gambia (X kg), Mali (X kg) and Cote d'Ivoire (X kg) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to narrow woven fabric exports from Nigeria stood at X%. At the same time, Gambia (X%), Mauritania (X%), Niger (X%), Ghana (X%), Senegal (X%) and Mali (X%) displayed positive paces of growth. Moreover, Gambia 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 Nigeria, Senegal, Gambia, Ghana, Mauritania and Niger increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) emerged as the largest narrow woven fabric supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mali (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

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 Mali ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Narrow Woven Fabric Imports

Imports in Western Africa

In 2022, the amount of narrow woven fabrics imported in Western Africa fell to X tons, reducing by X% on the year before. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, narrow woven fabric imports shrank notably to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X tons), Nigeria (X tons) and Ghana (X tons) represented the major importer of narrow woven fabrics in Western Africa, comprising X% of total import. Togo (X tons) took the next position in the ranking, followed by Burkina Faso (X tons). All these countries together held near X% share of total imports. The following importers - Guinea (X tons) and Cote d'Ivoire (X tons) - each recorded a X% share of total imports.

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

In value terms, Ghana ($X), Nigeria ($X) and Togo ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to 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 ton, falling by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, 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 ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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