ECOWAS - Machinery for Making or Repairing Footwear - Market Analysis, Forecast, Size, Trends and Insights
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Footwear Making Machinery Market Size in ECOWAS
In 2023, the ECOWAS footwear making machinery market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Footwear Making Machinery Production in ECOWAS
In value terms, footwear making machinery production dropped slightly to $X in 2023 estimated in export price. Over the period under review, production showed a abrupt setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.
Footwear Making Machinery Exports
Exports in ECOWAS
In 2023, shipments abroad of machinery for making or repairing footwear decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, exports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, footwear making machinery exports surged to $X in 2023. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Nigeria represented the main exporting country with an export of around X units, which amounted to X% of total exports. Cote d'Ivoire (X units) took the second position in the ranking, followed by Burkina Faso (X units). All these countries together held near X% share of total exports.
Nigeria experienced a relatively flat trend pattern with regard to volume of exports of machinery for making or repairing footwear. Burkina Faso experienced a relatively flat trend pattern. Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria and Burkina Faso increased by X and X percentage points, respectively.
In value terms, Nigeria ($X) remains the largest footwear making machinery supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a X% share of total exports.
In Nigeria, footwear making machinery exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).
Export Prices by Country
The export price in ECOWAS stood at $X per unit in 2023, increasing by X% against the previous year. In general, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2023, the export prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%).
Footwear Making Machinery Imports
Imports in ECOWAS
In 2023, supplies from abroad of machinery for making or repairing footwear decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, footwear making machinery imports shrank markedly to $X in 2023. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, Nigeria (X units) was the largest importer of machinery for making or repairing footwear, achieving X% of total imports. Senegal (X units) ranks second in terms of the total imports with an X% share, followed by Ghana (X%) and Cote d'Ivoire (X%). Liberia (X units), Togo (X units) and Mali (X units) followed a long way behind the leaders.
Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Cote d'Ivoire (X%), Togo (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) and Mali (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Senegal, Liberia, Togo and Cote d'Ivoire increased by X, X, X, X and X percentage points, respectively.
In value terms, Nigeria ($X) constitutes the largest market for imported machinery for making or repairing footwear in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).
Import Prices by Country
The import price in ECOWAS stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price, however, posted temperate growth. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2022 to 2023, the import prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Liberia ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the footwear making machinery 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 28943050 - Machinery for making/repairing footwear including skiving or pairing machines, machines for cutting leather into shapes, p erforating and pricking machines excluding sewing machines
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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