ECOWAS: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in ECOWAS

The ECOWAS wooden furniture treatments market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wooden Furniture Treatments Production in ECOWAS

In value terms, wooden furniture treatments production amounted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Wooden Furniture Treatments Exports

Exports in ECOWAS

Wooden furniture treatments exports soared to X tons in 2022, picking up by X% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports dropped to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Nigeria (X kg) held a minor share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest wooden furniture treatments supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Wooden Furniture Treatments Imports

Imports in ECOWAS

In 2022, wooden furniture treatments imports in ECOWAS fell significantly to X tons, dropping by X% compared with the year before. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden furniture treatments imports fell rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Liberia dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Nigeria (X tons) took the second position in the ranking, followed by Ghana (X tons), Senegal (X tons), Cabo Verde (X tons) and Sierra Leone (X tons). All these countries together held near X% share of total imports. Cote d'Ivoire (X tons) followed a long way behind the leaders.

Liberia was also the fastest-growing in terms of the polishes and creams for wooden furniture and floors imports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Cabo Verde (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Senegal (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. While the share of Liberia (X p.p.), Cabo Verde (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Liberia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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