ECOWAS: Wrapping Papers Market 2024

Wrapping Papers Market Size in ECOWAS

For the eleventh consecutive year, the ECOWAS wrapping papers market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a strong expansion. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Wrapping Papers Production in ECOWAS

In value terms, wrapping papers production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wrapping Papers Exports

Exports in ECOWAS

In 2022, the amount of wrapping paper, packaging paper and paperboard exported in ECOWAS contracted notably to X tons, dropping by X% compared with the year before. Over the period under review, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wrapping papers exports fell to $X in 2022. In general, exports saw a slight curtailment. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire was the largest exporting country with an export of around X tons, which recorded X% of total exports. Senegal (X tons) held the second position in the ranking, followed by Ghana (X tons). All these countries together took near X% share of total exports. Burkina Faso (X tons) and Guinea (X tons) held a little share of total exports.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of wrapping paper, packaging paper and paperboard. At the same time, Burkina Faso (X%), Senegal (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Cote d'Ivoire, wrapping papers exports expanded at 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 Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Wrapping Papers Imports

Imports in ECOWAS

Wrapping papers imports reached X tons in 2022, approximately mirroring 2021. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, wrapping papers imports soared to $X in 2022. Overall, imports posted strong growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Cote d'Ivoire was the main importing country with an import of around X tons, which amounted to X% of total imports. Ghana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%) and Senegal (X%). The following importers - Burkina Faso (X tons) and Togo (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to wrapping papers imports into Cote d'Ivoire stood at X%. At the same time, Ghana (X%), Nigeria (X%) and Togo (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Ghana and Nigeria increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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