Western Africa: Market for Wood Boxes, Crates and Cable Drums 2024

Market Size for Wood Boxes, Crates and Cable Drums in Western Africa

The West African market for wood boxes, crates and cable drums fell modestly to $X in 2022, which is down by X% against the previous year. The total consumption indicated a strong expansion 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Wood Boxes, Crates and Cable Drums in Western Africa

In value terms, wood box and cable drum production dropped modestly to $X in 2022 estimated in export price. The total production indicated strong 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 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Wood Boxes, Crates and Cable Drums

Exports in Western Africa

After two years of decline, overseas shipments of wood boxes, crates and cable drums increased by X% to X units in 2022. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wood box and cable drum exports soared to $X in 2022. Overall, exports showed noticeable growth. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X units) represented the key exporter of wood boxes, crates and cable drums, creating X% of total exports. It was distantly followed by Cote d'Ivoire (X units), comprising an X% share of total exports. Ghana (X units) held a little share of total exports.

Nigeria was also the fastest-growing in terms of the wood boxes, crates and cable drums exports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Cote d'Ivoire increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) emerged as the largest wood box and cable drum supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

In Nigeria, wood box and cable drum exports 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: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 ($X per unit), while Cote d'Ivoire ($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.

Imports of Wood Boxes, Crates and Cable Drums

Imports in Western Africa

Wood box and cable drum imports declined markedly to X units in 2022, reducing by X% compared with the previous year. Over the period under review, imports, however, recorded mild growth. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, wood box and cable drum imports dropped significantly to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X units), distantly followed by Ghana (X units), Cote d'Ivoire (X units), Senegal (X units), Benin (X units) and Gambia (X units) were the key importers of wood boxes, crates and cable drums, together creating X% of total imports. Niger (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported wood boxes, crates and cable drums in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Nigeria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, stabilizing at the previous year. Overall, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Nigeria ($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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