Western Africa: Blanket Market 2024

Blanket Market Size in Western Africa

The West African blanket market fell slightly to $X in 2022, which is down by X% against the previous year. The total consumption indicated a resilient 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 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Blanket Production in Western Africa

In value terms, blanket production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw resilient growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Blanket Exports

Exports in Western Africa

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a slight shrinkage. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, blanket exports soared to $X in 2022. In general, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Nigeria (X units), constituting an X% share of total exports. The following exporters - Cabo Verde (X units), Ghana (X units) and Mauritania (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to blanket exports from Cote d'Ivoire stood at X%. At the same time, Cabo Verde (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%), Mauritania (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) and Cabo Verde (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mauritania (X p.p.) and 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 ($X) remains the largest blanket supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. 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

The export price in Western Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a slight contraction. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

Blanket Imports

Imports in Western Africa

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, blanket imports contracted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Mauritania represented the key importer of blankets and traveling rugs (except electric blankets) in Western Africa, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Benin (X units) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Togo (X%), Cote d'Ivoire (X%), Guinea (X%), Nigeria (X%) and Senegal (X%).

From 2012 to 2022, average annual rates of growth with regard to blanket imports into Mauritania stood at X%. At the same time, Guinea (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Senegal experienced a relatively flat trend pattern. By contrast, Togo (X%), Benin (X%) and Nigeria (X%) illustrated a downward trend over the same period. Mauritania (X p.p.), Ghana (X p.p.), Guinea (X p.p.), Cote d'Ivoire (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mauritania ($X) constitutes the largest market for imported blankets and traveling rugs (except electric blankets) in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mauritania was relatively modest. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, surging by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price 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, blanket import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; afterwards, it flattened through to 2022.

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 Togo ($X per unit), while Nigeria ($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 more modest paces of growth.

Source: IndexBox Platform

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