ECOWAS: Drawing Board Market 2024

Drawing Board Market Size in ECOWAS

In 2022, the ECOWAS drawing board market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption enjoyed strong growth. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Drawing Board Production in ECOWAS

In value terms, drawing board production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Drawing Board Exports

Exports in ECOWAS

In 2022, the amount of slates and boards with writing or drawing surfaces exported in ECOWAS fell dramatically to X units, with a decrease of X% compared with the previous year's figure. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, drawing board exports soared to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal represented the largest exporting country with an export of about X units, which resulted at X% of total exports. Cote d'Ivoire (X units) took the second position in the ranking, distantly followed by Ghana (X units) and Niger (X units). All these countries together held approx. X% share of total exports. Sierra Leone (X units) and Benin (X units) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%), Ghana (X%), Niger (X%) and Benin (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Niger (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana, Cote d'Ivoire and Benin saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the export price figures.

Drawing Board Imports

Imports in ECOWAS

After three years of decline, purchases abroad of slates and boards with writing or drawing surfaces increased by X% to X units in 2022. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, drawing board imports skyrocketed to $X in 2022. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the main importing country with an import of around X units, which resulted at X% of total imports. Cote d'Ivoire (X units) held the second position in the ranking, followed by Ghana (X units) and Senegal (X units). All these countries together held approx. X% share of total imports. Guinea (X units), Burkina Faso (X units) and Niger (X units) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%), Senegal (X%), Guinea (X%), Ghana (X%) and Cote d'Ivoire (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, Burkina Faso (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Senegal, Niger and Guinea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported slates and boards with writing or drawing surfaces in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

In Nigeria, drawing board imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Ghana ($X per unit), while Burkina Faso ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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