Western Africa: Embroidery Market 2024

Embroidery Market Size in Western Africa

In 2022, the West African embroidery market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, enjoyed a moderate increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Embroidery Production in Western Africa

In value terms, embroidery production reduced to $X in 2022 estimated in export price. The total production indicated a temperate 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Embroidery Exports

Exports in Western Africa

In 2022, approx. X tons of embroidery (without visible ground) in the piece were exported in Western Africa; rising by X% on 2021 figures. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, embroidery exports soared to $X in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Ghana (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to embroidery exports from Nigeria stood at X%. At the same time, Ghana (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. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest embroidery supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a modest increase. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 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 ton), while Nigeria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Embroidery Imports

Imports in Western Africa

In 2022, overseas purchases of embroidery (without visible ground) in the piece decreased by X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, embroidery imports shrank dramatically to $X in 2022. In general, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Gambia (X tons) and Mauritania (X tons) were the major importers of embroidery (without visible ground) in the piece in Western Africa, together mixing up X% of total imports. It was distantly followed by Mali (X tons), Senegal (X tons) and Guinea (X tons), together making up a X% share of total imports. Niger (X tons) followed a long way behind the leaders.

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

In value terms, Gambia ($X), Mauritania ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mali, Senegal and Niger lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Mali, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform