ECOWAS: Nonwoven Fabric Market 2024

Nonwoven Fabric Market Size in ECOWAS

The ECOWAS nonwoven fabric market surged to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nonwoven Fabric Production in ECOWAS

In value terms, nonwoven fabric production declined remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Nonwoven Fabric Exports

Exports in ECOWAS

After two years of decline, shipments abroad of nonwoven fabrics increased by X% to X tons in 2023. Over the period under review, exports posted a prominent expansion. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, nonwoven fabric exports soared to $X in 2023. Overall, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Togo (X tons), Gambia (X tons) and Ghana (X tons) represented the main exporter of nonwoven fabrics in ECOWAS, generating X% of total export. It was distantly followed by Sierra Leone (X tons), generating a X% share of total exports. Senegal (X tons), Cote d'Ivoire (X tons) and Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Gambia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nonwoven fabric supplying countries in ECOWAS were Gambia ($X), Ghana ($X) and Sierra Leone ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Gambia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a pronounced expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Gambia (X%), while the other leaders experienced more modest paces of growth.

Nonwoven Fabric Imports

Imports in ECOWAS

In 2023, approx. X tons of nonwoven fabrics were imported in ECOWAS; jumping by X% compared with the previous year. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nonwoven fabric imports surged to $X in 2023. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which resulted at X% of total imports. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). The following importers - Togo (X tons), Guinea (X tons) and Senegal (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Togo (X%), Guinea (X%), Cote d'Ivoire (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Ghana, Togo, Guinea and Cote d'Ivoire increased by 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 ($X) constitutes the largest market for imported nonwoven fabrics in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

In Nigeria, nonwoven fabric imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Togo (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Togo ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform