ECOWAS: Paper Moulding Machine Market 2024

Paper Moulding Machine Market Size in ECOWAS

The ECOWAS paper moulding machine market reduced modestly to $X in 2022, waning by X% against the previous year. Overall, consumption showed a noticeable decrease. As a result, consumption reached the peak level of $X.5B. From 2016 to 2022, the growth of the market remained at a lower figure.

Paper Moulding Machine Production in ECOWAS

In value terms, paper moulding machine production reduced slightly to $X.7B in 2022 estimated in export price. In general, production continues to indicate a perceptible setback. The growth pace was the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X.2B. From 2016 to 2022, production growth remained at a lower figure.

Paper Moulding Machine Exports

Exports in ECOWAS

In 2021, exports of machines for moulding articles in paper pulp, paper or paperboard in ECOWAS surged to X units, picking up by X% on 2020. Overall, exports, however, continue to indicate a noticeable setback. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, paper moulding machine exports surged to $X in 2021. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X units) represented roughly X% of total exports in 2021.

Ghana experienced a relatively flat trend pattern with regard to volume of exports of machines for moulding articles in paper pulp, paper or paperboard. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana stood at X%.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2021, picking up by X% against the previous year. Overall, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to X% per year.

Paper Moulding Machine Imports

Imports in ECOWAS

In 2022, overseas purchases of machines for moulding articles in paper pulp, paper or paperboard decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, paper moulding machine imports reduced rapidly to $X in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria represented the largest importing country with an import of about X units, which accounted for X% of total imports. Ghana (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Togo (X%). The following importers - Senegal (X units) and Guinea (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to paper moulding machine imports into Nigeria stood at X%. At the same time, Togo (X%), Guinea (X%), Cote d'Ivoire (X%) and Senegal (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. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Togo and Cote d'Ivoire increased by X, X and X percentage points, 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) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Guinea, Togo and Senegal lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Guinea ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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