ECOWAS: Mattress Support Market 2024

Mattress Support Market Size in ECOWAS

The ECOWAS mattress support market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Mattress Support Production in ECOWAS

In value terms, mattress support production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Mattress Support Exports

Exports in ECOWAS

In 2022, overseas shipments of mattress supports were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a dramatic setback. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mattress support exports surged to $X in 2022. In general, exports, however, recorded a dramatic decline. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Togo (X units) was the key exporter of mattress supports, creating X% of total exports. It was distantly followed by Niger (X units), Ghana (X units) and Sierra Leone (X units), together creating a X% share of total exports. Senegal (X units) and Cote d'Ivoire (X units) took a relatively small share of total exports.

Togo was also the fastest-growing in terms of the mattress supports exports, with a CAGR of X% from 2012 to 2022. At the same time, Niger (X%), Sierra Leone (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Togo (X p.p.), Niger (X p.p.), Ghana (X p.p.), Sierra Leone (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mattress support supplying countries in ECOWAS were Togo ($X), Niger ($X) and Cote d'Ivoire ($X), together comprising X% of total exports.

In terms of the main exporting countries, Niger, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Togo ($X per unit) was amongst the lowest.

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

Mattress Support Imports

Imports in ECOWAS

In 2022, overseas purchases of mattress supports increased by X% to X units, rising for the fifth year in a row after two years of decline. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, mattress support imports rose notably to $X in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

The purchases of the three major importers of mattress supports, namely Burkina Faso, Senegal and Ghana, represented more than half of total import. Guinea (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Togo (X%) and Gambia (X%). Cote d'Ivoire (X units) and Nigeria (X units) followed a long way behind the leaders.

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

In value terms, Ghana ($X), Guinea ($X) and Gambia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Gambia, with a CAGR of X%, recorded 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

The import price in ECOWAS stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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