Western Africa: Book Cover Market 2023

Book Cover Market Size in Western Africa

In 2021, the West African book cover market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a noticeable expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Book Cover Production in Western Africa

In value terms, book cover production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Book Cover Exports

Exports in Western Africa

After two years of growth, overseas shipments of blotting pads and book covers decreased by -67.4% to X tons in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 90%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, book cover exports shrank rapidly to $X in 2021. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 44%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Benin (X tons) represented the largest exporter of blotting pads and book covers, creating 50% of total exports. Niger (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (17%). The following exporters - Togo (X kg) and Gambia (X kg) - each resulted at a 3.9% share of total exports.

Benin was also the fastest-growing in terms of the blotting pads and book covers exports, with a CAGR of +63.2% from 2012 to 2021. At the same time, Gambia (+27.1%) displayed positive paces of growth. By contrast, Niger (-2.2%), Nigeria (-19.7%) and Togo (-35.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Benin, Niger and Gambia increased by +50, +16 and +1.5 percentage points, respectively.

In value terms, the largest book cover supplying countries in Western Africa were Benin ($X), Niger ($X) and Gambia ($X), together comprising 56% of total exports.

In terms of the main exporting countries, Gambia, with a CAGR of +49.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, declining by -31.2% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by 55% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Gambia ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+17.3%), while the other leaders experienced more modest paces of growth.

Book Cover Imports

Imports in Western Africa

In 2021, overseas purchases of blotting pads and book covers were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, book cover imports soared to $X in 2021. Over the period under review, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was near 88% of total imports in 2021. The following importers - Senegal (X tons) and Togo (X tons) - together made up 4.9% of total imports.

Nigeria was also the fastest-growing in terms of the blotting pads and book covers imports, with a CAGR of +61.3% from 2012 to 2021. At the same time, Togo (+7.5%) and Senegal (+4.2%) displayed positive paces of growth. While the share of Nigeria (+83 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Togo (-2.1 p.p.) and Senegal (-4.2 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported blotting pads and book covers in Western Africa, comprising 79% of total imports. The second position in the ranking was taken by Senegal ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria totaled +54.3%. In the other countries, the average annual rates were as follows: Senegal (-2.8% per year) and Togo (+7.4% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, which is down by -17.5% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 22%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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