Western Africa: Textile Wadding Market 2024

Textile Wadding Market Size in Western Africa

The West African textile wadding market expanded to $X in 2023, surging by X% against the previous year. Over the period under review, consumption, however, saw a mild shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Textile Wadding Production in Western Africa

In value terms, textile wadding production expanded to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

Textile Wadding Exports

Exports in Western Africa

In 2023, overseas shipments of wadding of textile materials and articles thereof increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Over the period under review, exports posted a slight increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, textile wadding exports rose notably to $X in 2023. In general, exports recorded temperate growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Senegal represented the largest exporting country with an export of around X tons, which resulted at X% of total exports. Ghana (X tons) took the second position in the ranking, distantly followed by Togo (X tons). All these countries together held approx. X% share of total exports. Burkina Faso (X tons) took a little share of total exports.

Senegal was also the fastest-growing in terms of the wadding of textile materials and articles thereof exports, with a CAGR of X% from 2012 to 2023. At the same time, Ghana (X%) displayed positive paces of growth. Togo experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Senegal and Ghana increased by X and X percentage points, respectively.

In value terms, Senegal ($X) remains the largest textile wadding supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

In Senegal, textile wadding exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a moderate expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Textile Wadding Imports

Imports in Western Africa

In 2023, approx. X tons of wadding of textile materials and articles thereof were imported in Western Africa; rising by X% compared with the year before. Total imports indicated tangible growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, textile wadding imports rose significantly to $X in 2023. In general, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of wadding of textile materials and articles thereof, namely Cote d'Ivoire, Nigeria and Ghana, represented more than two-thirds of total import. Togo (X tons) took the next position in the ranking, followed by Senegal (X tons). All these countries together held approx. X% share of total imports. The following importers - Mali (X tons) and Burkina Faso (X tons) - each resulted at a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported wadding of textile materials and articles thereof in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Cote d'Ivoire stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Mali (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell in the following year.

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

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

Source: IndexBox Platform