ECOWAS: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in ECOWAS

In 2022, the ECOWAS textile relling machine market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption enjoyed a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Textile Relling Machine Production in ECOWAS

In value terms, textile relling machine production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Textile Relling Machine Exports

Exports in ECOWAS

After two years of decline, overseas shipments of machines for reeling, unreeling or textile fabrics decreased by X% to X units in 2022. Overall, exports, however, continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, textile relling machine exports contracted slightly to $X in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced modestly in the following year.

Exports by Country

The shipments of the one major exporters of machines for reeling, unreeling or textile fabrics, namely Ghana, represented more than two-thirds of total export.

Ghana was also the fastest-growing in terms of the machines for reeling, unreeling or textile fabrics exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest textile relling machine supplier in ECOWAS.

In Ghana, textile relling machine exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Textile Relling Machine Imports

Imports in ECOWAS

In 2022, approx. X units of machines for reeling, unreeling or textile fabrics were imported in ECOWAS; rising by X% on the previous year's figure. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, textile relling machine imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria was the main importer of machines for reeling, unreeling or textile fabrics in ECOWAS, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Togo (X units) took the second position in the ranking, followed by Ghana (X units), Benin (X units), Senegal (X units), Cote d'Ivoire (X units) and Niger (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to textile relling machine imports into Nigeria stood at X%. At the same time, Togo (X%), Niger (X%), Benin (X%), Senegal (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. Nigeria (X p.p.), Togo (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Ghana and Cote d'Ivoire saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported machines for reeling, unreeling or textile fabrics in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Togo ($X), with a X% share of total imports. It was followed by Senegal, with an X% share.

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

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 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 Togo ($X per unit), while Niger ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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