ECOWAS: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in ECOWAS

The ECOWAS assembled parquet panels market expanded to $X in 2022, increasing by X% against the previous year. The total consumption indicated a remarkable increase 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Assembled Parquet Panels Production in ECOWAS

In value terms, assembled parquet panels production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Assembled Parquet Panels Exports

Exports in ECOWAS

In 2022, overseas shipments of assembled parquet panels decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a deep slump. 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 reached the peak figure at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, assembled parquet panels exports shrank remarkably to $X in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire was the main exporting country with an export of about X square meters, which reached X% of total exports. It was distantly followed by Ghana (X square meters), constituting a X% share of total exports. Nigeria (X square meters) followed a long way behind the leaders.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest assembled parquet panels supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Cote d'Ivoire, assembled parquet panels exports declined by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per square meter, growing by X% against the previous year. Over the period under review, the export price recorded a pronounced expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Nigeria ($X per square meter) 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 mixed trends in the export price figures.

Assembled Parquet Panels Imports

Imports in ECOWAS

In 2022, overseas purchases of assembled parquet panels decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Total imports indicated moderate growth 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2021, and then fell in the following year.

In value terms, assembled parquet panels imports dropped dramatically to $X in 2022. Overall, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X square meters), Senegal (X square meters) and Ghana (X square meters) represented roughly X% of total imports in 2022. Cabo Verde (X square meters) ranks next in terms of the total imports with a X% share, followed by Niger (X%). The following importers - Guinea (X square meters) and Cote d'Ivoire (X square meters) - each accounted for a X% share of total imports.

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

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Senegal, 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

In 2022, the import price in ECOWAS amounted to $X per square meter, shrinking by X% against the previous year. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per square meter in 2013; however, from 2014 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 Cote d'Ivoire ($X per square meter), while Senegal ($X per square meter) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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