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Western Africa - Imitation Jewellery - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Imitation Jewellery Market 2022
Imitation Jewellery Exports
Exports in Western Africa
In 2020, approx. X tons of imitation jewellery were exported in Western Africa; growing by X% compared with the previous year's figure. In general, exports recorded a modest increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.
In value terms, imitation jewellery exports fell to $X in 2020. Total exports indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at $X in 2019, and then shrank in the following year.
Exports by Country
Nigeria was the key exporter of imitation jewellery in Western Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2020. Ghana (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Benin (X%) and Senegal (X%). Mali (X kg) and Togo (X kg) took a minor share of total exports.
Nigeria experienced a relatively flat trend pattern with regard to volume of exports of imitation jewellery. At the same time, Ghana (+X%) and Benin (+X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +X% from 2007-2020. Senegal experienced a relatively flat trend pattern. By contrast, Mali (-X%) and Togo (-X%) illustrated a downward trend over the same period. While the share of Ghana (+X p.p.) and Benin (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Mali (-X p.p.) and Togo (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest imitation jewellery supplying countries in Western Africa were Benin ($X), Nigeria ($X) and Ghana ($X), with a combined X% share of total exports.
In terms of the main exporting countries, Ghana saw the highest rates of growth with regard to 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 2020, the imitation jewellery export price in Western Africa amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. Over the period under review, export prices attained the peak figure at $X per ton in 2019, and then reduced notably in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Togo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Togo, while the other leaders experienced more modest paces of growth.
Imitation Jewellery Imports
Imports in Western Africa
In 2020, after three years of growth, there was significant decline in overseas purchases of imitation jewellery, when their volume decreased by -X% to X tons. Total imports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. The volume of import peaked at X tons in 2010; however, from 2011 to 2020, imports failed to regain the momentum.
In value terms, imitation jewellery imports dropped remarkably to $X in 2020. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.
Imports by Country
Ghana (X tons) and Mali (X tons) represented roughly X% of total imports of imitation jewellery in 2020. Nigeria (X tons) ranks next in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%) and Senegal (X%). Guinea (X tons) and Niger (X tons) followed a long way behind the leaders.
From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali, while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest imitation jewellery importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Mali ($X), with a combined X% share of total imports.
Among the main importing countries, Mali saw 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
The imitation jewellery import price in Western Africa stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.
Prices varied noticeably by the country of destination; the country with the highest price was Guinea ($X per ton), while Senegal ($X per ton) was amongst the lowest.
From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Guinea, while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the imitation jewellery market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 32131000 - Imitation jewellery and related articles
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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