ECOWAS: Skates Market 2024

Skates Market Size in ECOWAS

The ECOWAS skates market totaled $X in 2022, flattening at the previous year. The total consumption indicated a moderate 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 decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Skates Production in ECOWAS

In value terms, skates production stood at $X in 2022 estimated in export price. The total production indicated moderate 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Skates Exports

Exports in ECOWAS

For the third year in a row, ECOWAS recorded growth in overseas shipments of ice skates and roller skates, which increased by X% to X pairs in 2022. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X pairs. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, skates exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Mali was the largest exporter of ice skates and roller skates in ECOWAS, with the volume of exports resulting at X pairs, which was approx. X% of total exports in 2022. Benin (X pairs) held the second position in the ranking, followed by Burkina Faso (X pairs) and Senegal (X pairs). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to skates exports from Mali stood at X%. At the same time, Benin (X.6%), Senegal (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X.6% from 2012-2022. Mali (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal and Burkina Faso saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mali ($X) remains the largest skates supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Benin ($X), with a X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mali totaled X%. In the other countries, the average annual rates were as follows: Benin (X.2% per year) and Burkina Faso (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per pair, declining by X% against the previous year. Overall, the export price recorded a deep setback. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the export prices attained the maximum at $X per pair in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($X per pair), while Benin ($X per pair) was amongst the lowest.

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

Skates Imports

Imports in ECOWAS

In 2022, the amount of ice skates and roller skates imported in ECOWAS soared to X pairs, rising by X% against the previous year. Over the period under review, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X pairs in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, skates imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of skates imports in 2022 were Cote d'Ivoire (X pairs), Nigeria (X pairs) and Benin (X pairs), together amounting to X% of total import. Senegal (X pairs) held the next position in the ranking, followed by Cabo Verde (X pairs). All these countries together took approx. X% share of total imports. The following importers - Guinea (X pairs) and Ghana (X pairs) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest skates importing markets in ECOWAS were Benin ($X), Cote d'Ivoire ($X) and Senegal ($X), together comprising X% of total imports.

Senegal, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per pair, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per pair. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per pair), while Nigeria ($X per pair) 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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