Western Africa: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Western Africa

The West African plaits and basketwork market expanded to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plaits And Basketwork Production in Western Africa

In value terms, plaits and basketwork production rose to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plaits And Basketwork Exports

Exports in Western Africa

For the fourth consecutive year, Western Africa recorded growth in shipments abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, plaits and basketwork exports rose modestly to $X in 2022. Over the period under review, exports saw slight growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Togo was the major exporting country with an export of about X tons, which finished at X% of total exports. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%) and Ghana (X%). Mali (X tons) and Niger (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plaits and basketwork exports from Togo stood at X%. At the same time, Niger (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Mali (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Togo, Niger and Ghana increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest plaits and basketwork supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with an X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Togo, plaits and basketwork 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: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Plaits And Basketwork Imports

Imports in Western Africa

For the fourth year in a row, Western Africa recorded growth in supplies from abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by X% to X tons in 2022. Total imports indicated a prominent increase from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, plaits and basketwork imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mali (X tons) and Burkina Faso (X tons) represented the largest importers of plaits, basketwork, wickerwork and similar products of plaiting materials in Western Africa, together committing X% of total imports. Mauritania (X tons) ranks next in terms of the total imports with a X% share, followed by Ghana (X%) and Niger (X%).

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

In value terms, Mali ($X) constitutes the largest market for imported plaits, basketwork, wickerwork and similar products of plaiting materials in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mali amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a perceptible reduction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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