Western Africa: Hand-Made Lace Market 2024

Hand-Made Lace Market Size in Western Africa

The West African hand-made lace market dropped to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Hand-Made Lace Production in Western Africa

In value terms, hand-made lace production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2013 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 failed to regain momentum.

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Hand-Made Lace Exports

Exports in Western Africa

In 2022, hand-made lace exports in Western Africa stood at X tons, leveling off at 2021 figures. Over the period under review, exports showed a buoyant expansion. 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 failed to regain momentum.

In value terms, hand-made lace exports reduced to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Ghana prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Nigeria (X tons) and Togo (X tons), together comprising a X% share of total exports. Senegal (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hand-made lace exports from Ghana stood at X%. At the same time, Senegal (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) and Togo (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ghana, hand-made lace exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

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 ($X per ton), while Togo ($X per ton) 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.

Hand-Made Lace Imports

Imports in Western Africa

In 2022, the amount of hand-made lace in the piece, in strips or in motifs imported in Western Africa declined markedly to X tons, falling by X% compared with 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hand-made lace imports rose rapidly to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Nigeria (X tons), committing a X% share of total imports. Niger (X tons) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the hand-made lace in the piece, in strips or in motifs imports, with a CAGR of X% from 2012 to 2022. At the same time, Niger (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Niger increased by X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported hand-made lace in the piece, in strips or in motifs in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Niger (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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