Western Africa: Footwear Treatments Market 2024

Footwear Treatments Market Size in Western Africa

The West African footwear treatments market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a pronounced downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Footwear Treatments Production in Western Africa

In value terms, footwear treatments production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Footwear Treatments Exports

Exports in Western Africa

In 2022, after two years of growth, there was significant decline in shipments abroad of polishes and creams for footwear or leather, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, footwear treatments exports shrank remarkably to $X in 2022. In general, exports saw a deep setback. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons), making up a X% share of total exports.

Ghana was also the fastest-growing in terms of the polishes and creams for footwear or leather exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Nigeria ($X per ton), while Ghana stood at $X per ton.

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

Footwear Treatments Imports

Imports in Western Africa

Footwear treatments imports fell to X tons in 2022, shrinking by X% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, footwear treatments imports declined to $X in 2022. Overall, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) represented the largest importer of polishes and creams for footwear or leather, creating X% of total imports. Ghana (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%). The following importers - Liberia (X tons) and Guinea (X tons) - each amounted to a X% 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 Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Liberia ($X), with a combined X% share of total imports.

Among the main importing countries, Liberia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Western Africa amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Liberia ($X per ton), while Senegal ($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 more modest paces of growth.

Source: IndexBox Platform

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