Western Africa: Tufted Carpet Market 2024

Tufted Carpet Market Size in Western Africa

The West African tufted carpet market rose to $X in 2022, surging by 1.6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tufted Carpet Production in Western Africa

In value terms, tufted carpet production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 51%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tufted Carpet Exports

Exports in Western Africa

Tufted carpet exports declined notably to X square meters in 2022, waning by -81.8% against the previous year's figure. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 315% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tufted carpet exports fell rapidly to $X in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 193% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X square meters) represented the major exporter of tufted carpets and other tufted textile floor coverings, creating 50% of total exports. It was distantly followed by Senegal (X square meters), Gambia (X square meters), Ghana (X square meters), Niger (X square meters) and Togo (X square meters), together mixing up a 45% share of total exports. Benin (X square meters) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tufted carpet exports from Nigeria stood at -11.2%. At the same time, Senegal (+21.9%), Gambia (+16.2%) and Niger (+13.6%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +21.9% from 2012-2022. Ghana experienced a relatively flat trend pattern. By contrast, Benin (-2.7%) and Togo (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal, Gambia, Niger, Ghana, Benin and Togo increased by +14, +8.7, +5.7, +4.6, +3.3 and +1.9 percentage points, respectively.

In value terms, Nigeria ($X) emerged as the largest tufted carpet supplier in Western Africa, comprising 56% of total exports. The second position in the ranking was taken by Senegal ($X), with a 10% share of total exports. It was followed by Gambia, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled -12.1%. In the other countries, the average annual rates were as follows: Senegal (+13.4% per year) and Gambia (+13.4% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per square meter, rising by 51% against the previous year. Over the period under review, the export price, however, recorded a slight curtailment. Over the period under review, the export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Tufted Carpet Imports

Imports in Western Africa

In 2022, tufted carpet imports in Western Africa expanded modestly to X square meters, growing by 4.6% against the previous year's figure. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 63% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, tufted carpet imports rose modestly to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Ghana dominates imports structure, finishing at X square meters, which was approx. 52% of total imports in 2022. Mauritania (X square meters) held the second position in the ranking, followed by Cote d'Ivoire (X square meters), Nigeria (X square meters) and Guinea (X square meters). All these countries together took near 27% share of total imports. The following importers - Mali (X square meters), Benin (X square meters), Senegal (X square meters), Liberia (X square meters) and Sierra Leone (X square meters) - together made up 16% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tufted carpet imports into Ghana stood at +22.6%. At the same time, Liberia (+25.3%), Guinea (+20.2%), Benin (+13.9%), Mauritania (+10.8%), Mali (+8.8%) and Cote d'Ivoire (+4.6%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +25.3% from 2012-2022. By contrast, Sierra Leone (-1.4%), Nigeria (-3.5%) and Senegal (-5.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Guinea and Liberia increased by +34, +2.7 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported tufted carpets and other tufted textile floor coverings in Western Africa, comprising 51% of total imports. The second position in the ranking was held by Mauritania ($X), with a 9.7% share of total imports. It was followed by Cote d'Ivoire, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana amounted to +17.9%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritania (+6.9% per year) and Cote d'Ivoire (+3.1% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per square meter, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2016 when the import price increased by 7.2%. The level of import peaked at $X per square meter in 2014; however, from 2015 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 Benin ($X per square meter), while Mali ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+0.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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