Western Africa: Market for Nets of Twine, Cordage, Rope or Textile Materials 2024

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Western Africa

The West African market for nets of twine, cordage, rope or textile materials shrank dramatically to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Western Africa

In value terms, twine, cordage or textile net production contracted to $X in 2022 estimated in export price. The total production indicated a tangible 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 most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports in Western Africa

In 2022, approx. X tons of nets of twine, cordage, rope or textile materials were exported in Western Africa; with an increase of X% on the previous year's figure. Over the period under review, exports recorded temperate growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, twine, cordage or textile net exports reached $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Togo was the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Ghana (X tons), making up a X% share of total exports. Mauritania (X tons) and Sierra Leone (X tons) took a relatively small share of total exports.

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

In value terms, Togo ($X) remains the largest twine, cordage or textile net supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

In Togo, twine, cordage or textile net exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the export price figures.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports in Western Africa

In 2022, overseas purchases of nets of twine, cordage, rope or textile materials decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, twine, cordage or textile net imports dropped notably to $X in 2022. Over the period under review, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X tons) was the major importer of nets of twine, cordage, rope or textile materials, making up X% of total imports. Nigeria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Cote d'Ivoire (X%), Guinea (X%) and Gambia (X%). Togo (X tons) took a relatively small share of total imports.

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

In value terms, Ghana ($X) constitutes the largest market for imported nets of twine, cordage, rope or textile materials in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with an X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual growth rate 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

In 2022, the import price in Western Africa amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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