Western Africa: Carpet Market 2024

Carpet Market Size in Western Africa

The West African carpet market expanded modestly to $X in 2022, growing by X% against the previous year. The total consumption indicated measured 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Carpet Production in Western Africa

In value terms, carpet production rose to $X in 2022 estimated in export price. The total production indicated tangible 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 pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Carpet Exports

Exports in Western Africa

In 2022, overseas shipments of carpets and other textile floor coverings increased by X% to X square meters, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a temperate expansion. 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 square meters. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, carpet exports reduced to $X in 2022. In general, exports, however, saw a abrupt descent. 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. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal (X square meters), Burkina Faso (X square meters) and Nigeria (X square meters) represented roughly X% of total exports in 2022. Niger (X square meters) ranks next in terms of the total exports with an X% share, followed by Ghana (X%) and Cote d'Ivoire (X%). Gambia (X square meters) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Cote d'Ivoire, Gambia, Burkina Faso and Niger lagged somewhat behind, together accounting for a further X%.

Niger, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2022, waning by X% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. The level of export peaked at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per square meter), while Niger ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Carpet Imports

Imports in Western Africa

In 2022, supplies from abroad of carpets and other textile floor coverings decreased by X% to X square meters, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, carpet imports declined sharply to $X in 2022. Total imports indicated noticeable 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. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Ghana (X square meters) represented the largest importer of carpets and other textile floor coverings, creating X% of total imports. It was distantly followed by Mauritania (X square meters), Guinea (X square meters), Mali (X square meters), Cote d'Ivoire (X square meters), Senegal (X square meters) and Benin (X square meters), together creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carpet imports into Ghana stood at X%. At the same time, Guinea (X%), Mali (X%), Senegal (X%), Cote d'Ivoire (X%) and Mauritania (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. Benin experienced a relatively flat trend pattern. While the share of Ghana (X p.p.), Guinea (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.), Benin (X p.p.) and Mauritania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Mauritania ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Guinea, Senegal, Mali and Benin lagged somewhat behind, together accounting for a further X%.

Guinea, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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 Western Africa amounted to $X per square meter, surging by X% against the previous year. Overall, the import price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 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 Mauritania ($X per square meter), while Guinea ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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