ECOWAS: Cigarettes Containing Tobacco Market 2024

Cigarettes Containing Tobacco Market Size in ECOWAS

The ECOWAS cigarettes containing tobacco market expanded to $X in 2022, growing by X% against the previous year. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cigarettes Containing Tobacco Production in ECOWAS

In value terms, cigarettes containing tobacco production rose slightly to $X in 2022 estimated in export price. The total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Cigarettes Containing Tobacco Exports

Exports in ECOWAS

In 2022, shipments abroad of cigarettes containing tobacco decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a perceptible decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cigarettes containing tobacco exports rose modestly to $X in 2022. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X units) was the major exporter of cigarettes containing tobacco, comprising X% of total exports. Senegal (X units) held the second position in the ranking, followed by Cote d'Ivoire (X units) and Burkina Faso (X units). All these countries together took approx. X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cigarettes containing tobacco exports from Nigeria stood at X%. At the same time, Burkina Faso (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Burkina Faso, Nigeria and Cote d'Ivoire increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest cigarettes containing tobacco supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

In Nigeria, cigarettes containing tobacco exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in ECOWAS stood at less than $X per thousand units in 2022, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at less than $X per thousand units 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 (less than $X per thousand units), while Nigeria (less than $X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Cigarettes Containing Tobacco Imports

Imports in ECOWAS

In 2022, approx. X units of cigarettes containing tobacco were imported in ECOWAS; surging by X% compared with the previous year. Total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, cigarettes containing tobacco imports fell modestly to $X in 2022. Over the period under review, imports saw a perceptible increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Guinea represented the key importer of cigarettes containing tobacco in ECOWAS, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Niger (X units) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%), Mali (X%) and Ghana (X%). Sierra Leone (X units), Cote d'Ivoire (X units), Togo (X units), Senegal (X units) and Gambia (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cigarettes containing tobacco imports into Guinea stood at X%. At the same time, Senegal (X%), Ghana (X%), Nigeria (X%), Sierra Leone (X%), Mali (X%), Gambia (X%), Cote d'Ivoire (X%) and Niger (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Guinea (X p.p.), Ghana (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Niger and Togo saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Guinea ($X) constitutes the largest market for imported cigarettes containing tobacco in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Niger ($X), with an X% share of total imports. It was followed by Mali, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Guinea amounted to X%. In the other countries, the average annual rates were as follows: Niger (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to less than $X per thousand units, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per thousand units. 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 Senegal (less than $X per thousand units), while Nigeria (less than $X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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