Western Africa: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Western Africa

The West African wooden furniture treatments market shrank to $X in 2022, reducing by X% against the previous year. In general, consumption showed a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wooden Furniture Treatments Production in Western Africa

In value terms, wooden furniture treatments production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Wooden Furniture Treatments Exports

Exports in Western Africa

In 2022, the amount of polishes and creams for wooden furniture and floors exported in Western Africa skyrocketed to X tons, rising by X% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, wooden furniture treatments exports contracted to $X in 2022. In general, exports posted resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana prevails in exports structure, recording X tons, which was approx. X% of total exports in 2022. Nigeria (X kg) held a minor share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria amounted to $X per ton.

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

Wooden Furniture Treatments Imports

Imports in Western Africa

In 2022, imports of polishes and creams for wooden furniture and floors in Western Africa contracted sharply to X tons, waning by X% on the year before. Over the period under review, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, wooden furniture treatments imports declined dramatically to $X in 2022. Overall, imports, however, posted a slight increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Liberia prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Nigeria (X tons) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Senegal (X%), Cabo Verde (X%) and Sierra Leone (X%). Cote d'Ivoire (X tons) took a minor share of total imports.

Liberia was also the fastest-growing in terms of the polishes and creams for wooden furniture and floors imports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Cabo Verde (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Senegal (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. Liberia (X p.p.), Cabo Verde (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Ghana and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Liberia ($X) constitutes the largest market for imported polishes and creams for wooden furniture and floors in Western Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Cabo Verde, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Liberia amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Cabo Verde (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2014; however, from 2015 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 Cote d'Ivoire ($X per ton), while Senegal ($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 a decline in the import price figures.

Source: IndexBox Platform

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