Western Africa: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Western Africa

In 2022, the West African market for coconut, abaca, ramie and other vegetable textile fibres decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then declined dramatically in the following year.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Western Africa

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Sierra Leone (X tons), Cote d'Ivoire (X tons) and Mali (X tons), together comprising X% of total production.

From 2012 to 2022, the most notable rate of growth in terms of fibres, amongst the leading producing countries, was attained by Mali (with a CAGR of X%), while fibres for the other leaders experienced more modest paces of growth.

In 2022, the average yield of coconut, abaca, ramie and other vegetable textile fibres in Western Africa stood at X tons per ha, therefore, remained relatively stable against 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of coconut, abaca, ramie and other vegetable textile fibres were harvested in Western Africa; flattening at 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2018; afterwards, it flattened through to 2022.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports in Western Africa

In 2022, the amount of coconut, abaca, ramie and other vegetable textile fibres exported in Western Africa shrank to X tons, dropping by X% on 2021 figures. In general, exports, however, recorded a noticeable increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres surged to $X in 2022. Total exports indicated a moderate 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in fibres structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Sierra Leone (X tons), making up a X% share of total exports. Ghana (X tons) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Sierra Leone and Ghana increased by X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest coconut, abaca, ramie and other vegetable textile fibre supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with an X% share of total exports.

In Cote d'Ivoire, exports of coconut, abaca, ramie and other vegetable textile fibres remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 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 Sierra Leone ($X per ton), while Cote d'Ivoire ($X per ton) 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.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports in Western Africa

In 2022, after three years of growth, there was significant decline in purchases abroad of coconut, abaca, ramie and other vegetable textile fibres, when their volume decreased by X% to X tons. Overall, imports, however, posted a notable expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres dropped significantly to $X in 2022. In general, imports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then declined sharply in the following year.

Imports by Country

Ghana represented the major importer of coconut, abaca, ramie and other vegetable textile fibres in Western Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Gambia (X%), Guinea (X%) and Cote d'Ivoire (X%). The following importers - Liberia (X tons) and Benin (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, the largest coconut, abaca, ramie and other vegetable textile fibre importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Gambia ($X), with a combined X% share of total imports.

Gambia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Gambia ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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