Report ECOWAS - Casks, Barrels, Vats, Tubs, and Coopers Products of Wood - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 21, 2023

ECOWAS - Casks, Barrels, Vats, Tubs, and Coopers Products of Wood - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Wood Barrel Market 2023

Wood Barrel Market Size in ECOWAS

The ECOWAS wood barrel market expanded to $X in 2022, with an increase of 4.5% against the previous year. In general, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wood Barrel Production in ECOWAS

In value terms, wood barrel production totaled $X in 2022 estimated in export price. Overall, production enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 104% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wood Barrel Exports

Exports in ECOWAS

In 2022, the amount of casks, barrels, vats, tubs, and coopers products of wood exported in ECOWAS skyrocketed to X units, growing by 833% on the previous year. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,228% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, wood barrel exports soared to $X in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria prevails in exports structure, accounting for X units, which was approx. 97% of total exports in 2022. Ghana (X units) held a minor share of total exports.

Nigeria was also the fastest-growing in terms of the casks, barrels, vats, tubs, and coopers products of wood exports, with a CAGR of +62.9% from 2012 to 2022. At the same time, Ghana (+12.8%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria increased by +97 percentage points.

In value terms, Nigeria ($X) emerged as the largest wood barrel supplier in ECOWAS, comprising 98% of total exports. The second position in the ranking was taken by Ghana ($X), with a 1.5% share of total exports.

In Nigeria, wood barrel exports expanded at an average annual rate of +97.7% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, jumping by 454% against the previous year. Overall, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Ghana amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+21.4%).

Wood Barrel Imports

Imports in ECOWAS

In 2022, imports of casks, barrels, vats, tubs, and coopers products of wood in ECOWAS reduced to X units, falling by -8.6% against 2021. Over the period under review, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 125% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, wood barrel imports reduced to $X in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 321% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Niger prevails in imports structure, recording X units, which was near 61% of total imports in 2022. Cabo Verde (X units) held an 8.5% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (7.2%), Sierra Leone (5%) and Ghana (5%). The following importers - Burkina Faso (X units) and Senegal (X units) - each reached a 7.7% share of total imports.

Niger was also the fastest-growing in terms of the casks, barrels, vats, tubs, and coopers products of wood imports, with a CAGR of +63.7% from 2012 to 2022. At the same time, Sierra Leone (+48.6%), Ghana (+41.2%), Cote d'Ivoire (+33.1%), Burkina Faso (+28.6%) and Cabo Verde (+6.7%) displayed positive paces of growth. By contrast, Senegal (-16.1%) illustrated a downward trend over the same period. Niger (+60 p.p.), Cote d'Ivoire (+5.9 p.p.), Sierra Leone (+4.7 p.p.), Ghana (+4.5 p.p.) and Burkina Faso (+3 p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde and Senegal saw its share reduced by -4.7% and -62.3% from 2012 to 2022, respectively.

In value terms, Niger ($X) constitutes the largest market for imported casks, barrels, vats, tubs, and coopers products of wood in ECOWAS, comprising 86% of total imports. The second position in the ranking was taken by Cabo Verde ($X), with a 3% share of total imports. It was followed by Ghana, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value in Niger totaled +107.6%. In the other countries, the average annual rates were as follows: Cabo Verde (+6.3% per year) and Ghana (+46.6% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, rising by 3.3% against the previous year. In general, the import price saw strong growth. The growth pace was the most rapid in 2020 an increase of 94%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

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 Niger ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+26.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for casks, barrels, vats, tubs, and coopers products of wood in ECOWAS?
+
Nigeria constituted the country with the largest volume of wood barrel consumption, comprising approx. 68% of total volume. Moreover, wood barrel consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Ghana, ninefold. Cote d'Ivoire ranked third in terms of total consumption with a 5.5% share.
What are the largest producers of casks, barrels, vats, tubs, and coopers products of wood in ECOWAS?
+
Nigeria constituted the country with the largest volume of wood barrel production, accounting for 68% of total volume. Moreover, wood barrel production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana, ninefold. The third position in this ranking was held by Cote d'Ivoire, with a 5.5% share.
What are the leading suppliers of casks, barrels, vats, tubs, and coopers products of wood in ECOWAS?
+
In value terms, Nigeria emerged as the largest wood barrel supplier in ECOWAS, comprising 98% of total exports. The second position in the ranking was taken by Ghana $669), with a 1.5% share of total exports.
What are the leading importers of casks, barrels, vats, tubs, and coopers products of wood in ECOWAS?
+
In value terms, Niger constitutes the largest market for imported casks, barrels, vats, tubs, and coopers products of wood in ECOWAS, comprising 86% of total imports. The second position in the ranking was taken by Cabo Verde, with a 3% share of total imports. It was followed by Ghana, with a 2.3% share.
What is the average export price for casks, barrels, vats, tubs, and coopers products of wood in ECOWAS?
+
The export price in ECOWAS stood at $142 per unit in 2022, growing by 454% against the previous year.
What is the average import price for casks, barrels, vats, tubs, and coopers products of wood in ECOWAS?
+
In 2022, the import price in ECOWAS amounted to $227 per unit, growing by 3.3% against the previous year.

This report provides an in-depth analysis of the wood barrel market in ECOWAS. 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 16241200 - Casks, barrels, vats, tubs, and coopers products and parts thereof of wood (including staves)
Country coverage:
• Benin
• Burkina Faso
• Cabo Verde
• Cote d'Ivoire
• Gambia
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Senegal
• Sierra Leone
• Togo

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in ECOWAS, split by region and country
• Trade (exports and imports) in ECOWAS
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Benin
• Burkina Faso
• Cabo Verde
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Liberia
• Mali
• Niger
• Nigeria
• Senegal
• Sierra Leone
• Togo
• Cote d'Ivoire
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Volume Forecast to 2030
Figure 5:
Market Value Forecast to 2030
Figure 6:
Products: Market Size And Growth, By Type
Figure 7:
Products: Average Per Capita Consumption, By Type
Figure 8:
Products: Exports And Growth, By Type
Figure 9:
Products: Export Prices And Growth, By Type
Figure 10:
Production Volume And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Production, By Country, 2022
Figure 20:
Production, In Physical Terms, By Country, 2012–2022
Figure 21:
Imports, In Physical Terms, 2012–2022
Figure 22:
Imports, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, By Country, 2022
Figure 24:
Imports, In Physical Terms, By Country, 2012–2022
Figure 25:
Imports, In Value Terms, By Country, 2012–2022
Figure 26:
Import Prices, By Country, 2012–2022
Figure 27:
Exports, In Physical Terms, 2012–2022
Figure 28:
Exports, In Value Terms, 2012–2022
Figure 29:
Exports, In Physical Terms, By Country, 2022
Figure 30:
Exports, In Physical Terms, By Country, 2012–2022
Figure 31:
Exports, In Value Terms, By Country, 2012–2022
Figure 32:
Export Prices, 2012–2022
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