Western Africa: Parachute Market 2024

Parachute Market Size in Western Africa

In 2022, after five years of decline, there was growth in the West African parachute market, when its value increased by X% to $X. Overall, consumption, however, showed a mild decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Parachute Production in Western Africa

In value terms, parachute production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Parachute Exports

Exports in Western Africa

After two years of growth, shipments abroad of parachutes and rotochutes decreased by X% to X kg in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, parachute exports reduced remarkably to $X in 2022. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sierra Leone (X kg) and Liberia (X kg) dominates exports structure, together achieving X% of total exports. Ghana (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Sierra Leone (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Sierra Leone ($X), Liberia ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Sierra Leone, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the export price saw notable growth. The pace of growth was the most pronounced in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, 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 Sierra Leone ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Parachute Imports

Imports in Western Africa

In 2022, imports of parachutes and rotochutes in Western Africa soared to X tons, picking up by X% compared with 2021 figures. Over the period under review, imports, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2014 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, parachute imports fell notably to $X in 2022. Overall, imports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Togo (X tons) and Ghana (X tons) represented the key importers of parachutes and rotochutes in Western Africa, together achieving X% of total imports. Senegal (X tons) took the next position in the ranking, followed by Cote d'Ivoire (X tons). All these countries together held approx. 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 Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, showed modest growth. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

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 Cote d'Ivoire ($X per ton), while Togo ($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 import price figures.

Source: IndexBox Platform

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