ECOWAS: Printing Press Market 2024

Printing Press Market Size in ECOWAS

The ECOWAS printing press market dropped significantly to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Printing Press Production in ECOWAS

In value terms, printing press production fell slightly to $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Printing Press Exports

Exports in ECOWAS

In 2022, shipments abroad of printing presses was finally on the rise to reach X units after two years of decline. In general, exports enjoyed measured growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, printing press exports dropped significantly to $X in 2022. Over the period under review, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X units), Cote d'Ivoire (X units) and Ghana (X units) was the key exporter of printing presses in ECOWAS, creating X% of total export. Senegal (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Liberia (X%). The following exporters - Niger (X units), Benin (X units), Guinea (X units) and Mali (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the largest printing press supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

In Cote d'Ivoire, printing press exports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per unit), while Guinea ($X per unit) was amongst the lowest.

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

Printing Press Imports

Imports in ECOWAS

In 2022, approx. X units of printing presses were imported in ECOWAS; remaining constant against the year before. Overall, imports, however, saw notable growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, printing press imports fell to $X in 2022. In general, imports saw a mild slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units) was the key importer of printing presses, achieving X% of total imports. Ghana (X units) ranks second in terms of the total imports with an X% share, followed by Cote d'Ivoire (X%) and Niger (X%). Togo (X units), Burkina Faso (X units) and Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to printing press imports into Nigeria stood at X%. At the same time, Niger (X%), Togo (X%), Cote d'Ivoire (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) illustrated a downward trend over the same period. While the share of Niger (X p.p.), Cote d'Ivoire (X p.p.) and Togo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (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, Nigeria ($X) constitutes the largest market for imported printing presses in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, printing press imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 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 Nigeria ($X per unit), while Niger ($X per unit) 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 a decline in the import price figures.

Source: IndexBox Platform

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