
ECOWAS - Cigarettes Containing Tobacco - Market Analysis, Forecast, Size, Trends and Insights
ECOWAS: Cigarettes Containing Tobacco Market 2023
Cigarettes Containing Tobacco Market Size in ECOWAS
The ECOWAS cigarettes containing tobacco market rose modestly to $X in 2022, picking up by 3.2% against the previous year. Overall, consumption, however, showed a slight setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Cigarettes Containing Tobacco Production in ECOWAS
In value terms, cigarettes containing tobacco production expanded slightly to $X in 2022 estimated in export price. In general, production, however, saw a slight shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.
Cigarettes Containing Tobacco Exports
Exports in ECOWAS
In 2022, shipments abroad of cigarettes containing tobacco increased by 13% to X tons, rising for the third year in a row after seven years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 140% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, cigarettes containing tobacco exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 90% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
Exports by Country
Nigeria dominates exports structure, recording X tons, which was approx. 88% of total exports in 2022. It was distantly followed by Senegal (X tons), generating a 7.6% share of total exports. The following exporters - Burkina Faso (X tons) and Cote d'Ivoire (X tons) - each reached a 3.7% share of total exports.
Exports from Nigeria increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Burkina Faso (+9.3%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +9.3% from 2012-2022. By contrast, Senegal (-2.8%) and Cote d'Ivoire (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) remains the largest cigarettes containing tobacco supplier in ECOWAS, comprising 68% of total exports. The second position in the ranking was held by Senegal ($X), with a 24% share of total exports. It was followed by Burkina Faso, with a 3.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to -6.1%. In the other countries, the average annual rates were as follows: Senegal (-0.3% per year) and Burkina Faso (+6.7% per year).
Export Prices by Country
The export price in ECOWAS stood at $X per ton in 2022, declining by -4.4% against the previous year. Over the period under review, the export price saw a noticeable setback. The pace of growth was the most pronounced in 2014 when the export price increased by 22%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+2.6%), while the other leaders experienced mixed trends in the export price figures.
Cigarettes Containing Tobacco Imports
Imports in ECOWAS
In 2022, the amount of cigarettes containing tobacco imported in ECOWAS was estimated at X tons, growing by 7.7% compared with 2021. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.6% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 34% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.
In value terms, cigarettes containing tobacco imports amounted to $X in 2022. Overall, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2013 with an increase of 594% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.
Imports by Country
In 2022, Guinea (X tons) represented the key importer of cigarettes containing tobacco, committing 33% of total imports. Nigeria (X tons) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Niger (13%), Mali (9.4%), Ghana (6.9%) and Togo (4.7%). Cote d'Ivoire (X tons) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +15.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Guinea ($X) constitutes the largest market for imported cigarettes containing tobacco in ECOWAS, comprising 34% of total imports. The second position in the ranking was held by Niger ($X), with a 17% share of total imports. It was followed by Mali, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value in Guinea totaled +3.5%. In the other countries, the average annual rates were as follows: Niger (+3.7% per year) and Mali (+5.9% per year).
Import Prices by Country
The import price in ECOWAS stood at $X per ton in 2022, falling by -6.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 417% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+4.8%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cigarettes containing tobacco 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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