Western Africa: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Western Africa

The West African tufted textile fabric market declined to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a slight setback. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Tufted Textile Fabric Production in Western Africa

In value terms, tufted textile fabric production reduced to $X in 2022 estimated in export price. In general, production showed a mild setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Tufted Textile Fabric Exports

Exports in Western Africa

In 2021, the amount of tufted textile fabrics exported in Western Africa skyrocketed to X square meters, picking up by X% compared with the previous year's figure. In general, exports, however, recorded a abrupt descent. The volume of export peaked at X square meters in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tufted textile fabric exports surged to $X in 2021. Overall, exports, however, saw a perceptible contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mali dominates exports structure, recording X square meters, which was approx. X% of total exports in 2021. It was distantly followed by Ghana (X square meters), mixing up a X% share of total exports.

Mali experienced a relatively flat trend pattern with regard to volume of exports of tufted textile fabrics. Ghana (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.) increased significantly in terms of the total exports from 2014-2021, the share of Ghana (X p.p.) displayed negative dynamics.

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

From 2014 to 2021, the average annual growth rate of value in Mali was relatively modest.

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2021, increasing by X% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mali ($X per square meter), while Ghana amounted to $X per square meter.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Tufted Textile Fabric Imports

Imports in Western Africa

After three years of growth, supplies from abroad of tufted textile fabrics decreased by X% to X square meters in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tufted textile fabric imports fell markedly to $X in 2022. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Mauritania (X square meters) and Ghana (X square meters) represented the major importers of tufted textile fabrics in Western Africa, together creating X% of total imports. It was distantly followed by Cote d'Ivoire (X square meters), creating an X% share of total imports. The following importers - Guinea (X square meters), Togo (X square meters), Liberia (X square meters), Senegal (X square meters), Sierra Leone (X square meters) and Gambia (X square meters) - together made up X% of total imports.

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

In value terms, Cote d'Ivoire ($X), Mauritania ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Mauritania, with a CAGR of X%, saw 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

The import price in Western Africa stood at $X per square meter in 2022, with an increase of X% against the previous year. Import price indicated a pronounced increase 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. Based on 2022 figures, tufted textile fabric import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per square meter), while Gambia ($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 Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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