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Western Africa - Men's or Boys' Clothing (Knitted or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Men Knitwear Market 2024
Men Knitwear Market Size in Western Africa
After two years of growth, the West African men knitwear market decreased by X% to $X in 2023. In general, consumption continues to indicate a buoyant increase. The level of consumption peaked at $X in 2022, and then dropped in the following year.
Men Knitwear Production in Western Africa
In value terms, men knitwear production fell to $X in 2023 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2022, and then declined in the following year.
Men Knitwear Exports
Exports in Western Africa
In 2023, after two years of growth, there was significant decline in overseas shipments of men's or boys' clothing (knitted or crocheted), when their volume decreased by X% to X units. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.
In value terms, men knitwear exports reduced sharply to $X in 2023. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.
Exports by Country
In 2023, Nigeria (X units) was the main exporter of men's or boys' clothing (knitted or crocheted), generating X% of total exports. Cabo Verde (X units) ranks second in terms of the total exports with a X% share, followed by Togo (X%), Senegal (X%) and Mali (X%). The following exporters - Cote d'Ivoire (X units), Mauritania (X units) and Guinea (X units) - together made up X% of total exports.
Exports from Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Cabo Verde (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Mali (X%), Guinea (X%), Mauritania (X%) and Togo (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Cabo Verde, Senegal, Mali and Cote d'Ivoire increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Cabo Verde ($X), Togo ($X) and Nigeria ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.
Among the main exporting countries, Cabo Verde, with a CAGR of X%, 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
The export price in Western Africa stood at $X per unit in 2023, declining by X% against the previous year. Over the period under review, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank significantly in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Guinea ($X per unit), while Mali ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.
Men Knitwear Imports
Imports in Western Africa
In 2023, supplies from abroad of men's or boys' clothing (knitted or crocheted) was finally on the rise to reach X units for the first time since 2020, thus ending a two-year declining trend. Overall, imports posted a mild increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, men knitwear imports expanded sharply to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports failed to regain momentum.
Imports by Country
Guinea represented the largest importing country with an import of about X units, which resulted at X% of total imports. Liberia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Sierra Leone (X%). Gambia (X units), Ghana (X units) and Mali (X units) followed a long way behind the leaders.
Guinea experienced a relatively flat trend pattern with regard to volume of imports of men's or boys' clothing (knitted or crocheted). At the same time, Liberia (X%), Gambia (X%), Mali (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. Liberia (X p.p.), Sierra Leone (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total imports, while Guinea saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Guinea ($X) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Liberia ($X), with a X% share of total imports. It was followed by Sierra Leone, with a X% share.
From 2012 to 2023, the average annual growth rate of value in Guinea totaled X%. In the other countries, the average annual rates were as follows: Liberia (X% per year) and Sierra Leone (X% per year).
Import Prices by Country
The import price in Western Africa stood at $X per unit in 2023, which is down by X% against the previous year. In general, the import price showed a pronounced setback. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Sierra Leone ($X per unit) 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 mixed trends in the import price figures.
Source: IndexBox Platform
This report provides an in-depth analysis of the men knitwear 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 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
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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