Western Africa: Wooden Door Market 2024

Wooden Door Market Size in Western Africa

The West African wooden door market totaled $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Wooden Door Production in Western Africa

In value terms, wooden door production declined to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +78.3% against 2014 indices. The growth pace was the most rapid in 2016 when the production volume increased by 23% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Wooden Door Exports

Exports in Western Africa

In 2021, approx. X units of doors and their frames and thresholds of wood were exported in Western Africa; increasing by 2% against the previous year. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, wooden door exports rose significantly to $X in 2021. In general, exports recorded a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 45%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Senegal (X units) represented roughly 97% of total exports in 2021.

Senegal was also the fastest-growing in terms of the doors and their frames and thresholds of wood exports, with a CAGR of +18.0% from 2012 to 2021. Senegal (+38 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest wooden door supplier in Western Africa.

From 2012 to 2021, the average annual growth rate of value in Senegal totaled +23.5%.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per unit, picking up by 7.3% against the previous year. Overall, the export price saw mild growth. The pace of growth appeared the most rapid in 2015 an increase of 29% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2021, the rate of growth in terms of prices for Senegal amounted to +4.6% per year.

Wooden Door Imports

Imports in Western Africa

In 2021, approx. X units of doors and their frames and thresholds of wood were imported in Western Africa; growing by 28% on 2020. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 52%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, wooden door imports skyrocketed to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Senegal (X units), Mali (X units) and Ghana (X units) represented roughly 65% of total imports in 2021. It was distantly followed by Cote d'Ivoire (X units), Gambia (X units) and Mauritania (X units), together comprising a 21% share of total imports. Guinea (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 59% share of total imports.

Cote d'Ivoire, with a CAGR of +29.0%, 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 unit in 2021, rising by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 an increase of 40% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per unit), while Mauritania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :