Western Africa: Paper Knife Market 2024

Paper Knife Market Size in Western Africa

The West African paper knife market declined remarkably to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Paper Knife Production in Western Africa

In value terms, paper knife production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Paper Knife Exports

Exports in Western Africa

In 2022, approx. X units of paper knives were exported in Western Africa; dropping by X% against the year before. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, paper knife exports fell significantly to $X in 2022. Over the period under review, exports faced a deep downturn. The pace of growth appeared the most rapid 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 remained at a somewhat lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X units) represented the key exporter of paper knives in Western Africa, creating X% of total export.

Cote d'Ivoire was also the fastest-growing in terms of the paper knives exports, with a CAGR of X% from 2012 to 2022. While the share of Cote d'Ivoire (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest paper knife supplier in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Paper Knife Imports

Imports in Western Africa

In 2022, the amount of paper knives imported in Western Africa declined dramatically to X units, which is down by X% on 2021. Overall, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, paper knife imports fell rapidly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Ghana represented the main importer of paper knives in Western Africa, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Cote d'Ivoire (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%), Nigeria (X%) and Guinea (X%). Gambia (X units) and Benin (X units) held a minor share of total imports.

Imports into Ghana decreased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%), Benin (X%), Senegal (X%), Cote d'Ivoire (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Senegal, Guinea, Gambia and Benin increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported paper knives in Western Africa, comprising X% of total imports. The second position in the ranking was held by Guinea ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Ghana, paper knife imports 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: Guinea (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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