ECOWAS: Market for Paper other than Graphic, Packaging or Tissue 2024

Market Size for Paper other than Graphic, Packaging or Tissue in ECOWAS

After two years of growth, the ECOWAS market for paper other than graphic, packaging or tissue decreased by X% to $X in 2022. The market 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. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Paper other than Graphic, Packaging or Tissue in ECOWAS

In value terms, production of paper other than graphic, packaging or tissue expanded slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Paper other than Graphic, Packaging or Tissue

Exports in ECOWAS

Exports of paper other than graphic, packaging or tissue soared to X tons in 2022, growing by X% compared with the previous year's figure. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of paper other than graphic, packaging or tissue skyrocketed to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Nigeria dominates tissue structure, finishing at X tons, which was approx. X% of total exports in 2022. Senegal (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%) and Cote d'Ivoire (X%).

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Nigeria and Senegal increased by X and X percentage points, respectively.

In value terms, the largest paper other than graphic, packaging or tissue supplying countries in ECOWAS were Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X), together comprising X% of total exports.

Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 ton in 2022, with a decrease of X% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) 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 mixed trends in the export price figures.

Imports of Paper other than Graphic, Packaging or Tissue

Imports in ECOWAS

After two years of decline, supplies from abroad of paper other than graphic, packaging or tissue increased by X% to X tons in 2022. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of paper other than graphic, packaging or tissue declined to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Nigeria represented the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Senegal (X tons), Ghana (X tons) and Burkina Faso (X tons), together committing a X% share of total imports. Mali (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paper other than graphic, packaging or tissue imports into Nigeria stood at X%. At the same time, Mali (X%), Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported paper other than graphic, packaging or tissue in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Burkina Faso, with an X% share.

From 2012 to 2022, 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: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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