ECOWAS: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in ECOWAS

The ECOWAS vulcanised rubber mats market fell modestly to $X in 2022, with a decrease of 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 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Vulcanised Rubber Mats Production in ECOWAS

In value terms, vulcanised rubber mats production contracted to $X in 2022 estimated in export price. The total production indicated temperate growth 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 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Vulcanised Rubber Mats Exports

Exports in ECOWAS

In 2022, shipments abroad of floor coverings and mats of vulcanised rubber decreased by X% to X tons, falling for the third year in a row after six years of growth. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports expanded rapidly to $X in 2022. In general, exports, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Sierra Leone (X tons) was the key exporter of floor coverings and mats of vulcanised rubber, making up X% of total exports. Niger (X tons) took the second position in the ranking, distantly followed by Nigeria (X tons), Burkina Faso (X tons) and Cote d'Ivoire (X tons). All these countries together took approx. X% share of total exports. Ghana (X kg) took a relatively small share of total exports.

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

In value terms, Sierra Leone ($X) remains the largest vulcanised rubber mats supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Niger, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Sierra Leone amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Vulcanised Rubber Mats Imports

Imports in ECOWAS

For the third consecutive year, ECOWAS recorded growth in purchases abroad of floor coverings and mats of vulcanised rubber, which increased by X% to X tons in 2022. In general, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, vulcanised rubber mats imports contracted slightly to $X in 2022. Overall, imports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria represented the key importer of floor coverings and mats of vulcanised rubber in ECOWAS, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Ghana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%) and Cote d'Ivoire (X%). Togo (X tons), Cabo Verde (X tons) and Burkina Faso (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vulcanised rubber mats imports into Nigeria stood at X%. At the same time, Togo (X%), Cabo Verde (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) and Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Togo (X p.p.), Cabo Verde (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Nigeria 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, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Senegal, Burkina Faso, Cabo Verde and Togo lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Togo, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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