ECOWAS: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in ECOWAS

The ECOWAS market for mattresses other than of cellular rubber or plastics expanded markedly to $X in 2022, with an increase of 7% against the previous year. In general, consumption enjoyed a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Mattresses other than of cellular rubber or plastics in ECOWAS

In value terms, production of mattresses other than of cellular rubber or plastics declined to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -18.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 38%. As a result, production attained the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Mattresses other than of cellular rubber or plastics

Exports in ECOWAS

After two years of growth, overseas shipments of mattresses other than of cellular rubber or plastics decreased by -9.5% to X units in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 206% against the previous year. Over the period under review, the exports of hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics declined to $X in 2022. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 111%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X units), distantly followed by Nigeria (X units), Mali (X units), Togo (X units), Ghana (X units), Benin (X units) and Senegal (X units) represented the main exporters of mattresses other than of cellular rubber or plastics, together achieving 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Mali ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 59% share of total exports.

Cote d'Ivoire, with a CAGR of +47.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, leveling off at the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 88%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Benin ($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 (+12.2%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports in ECOWAS

In 2022, the amount of mattresses other than of cellular rubber or plastics imported in ECOWAS expanded remarkably to X units, with an increase of 9.9% on the previous year. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 60%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, imports of mattresses other than of cellular rubber or plastics amounted to $X in 2022. In general, imports posted resilient growth. The growth pace was the most rapid in 2019 with an increase of 54%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Togo (X units), Ghana (X units), Guinea (X units), Burkina Faso (X units), Cabo Verde (X units) and Cote d'Ivoire (X units) represented roughly 80% of total imports in 2022. It was distantly followed by Gambia (X units), comprising a 4.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mattresses other than of cellular rubber or plastics importing markets in ECOWAS were Togo ($X), Guinea ($X) and Cabo Verde ($X), together comprising 50% of total imports.

Togo, with a CAGR of +35.6%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, reducing by -7.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained 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 Gambia ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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