Western Africa: Wooden Frame Market 2024

Wooden Frame Market Size in Western Africa

The West African wooden frame market contracted to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wooden Frame Production in Western Africa

In value terms, wooden frame production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Wooden Frame Exports

Exports in Western Africa

After three years of growth, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects decreased by X% to X units in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then contracted remarkably in the following year.

In value terms, wooden frame exports dropped dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Ghana was the main exporting country with an export of around X units, which recorded X% of total exports. Cote d'Ivoire (X units) ranks second in terms of the total exports with a X% share, followed by Benin (X%).

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Benin (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Benin saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Benin ($X) remains the largest wooden frame supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Benin ($X per unit), while Ghana ($X per unit) 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 mixed trends in the export price figures.

Wooden Frame Imports

Imports in Western Africa

In 2022, the amount of wooden frames for paintings, photographs, mirrors or similar objects imported in Western Africa reduced remarkably to X units, waning by X% against the previous year's figure. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, wooden frame imports fell markedly to $X in 2022. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria (X units) and Cote d'Ivoire (X units) represented the largest importers of wooden frames for paintings, photographs, mirrors or similar objects in 2022, finishing at near X% and X% of total imports, respectively. It was distantly followed by Senegal (X units), Niger (X units), Ghana (X units) and Benin (X units), together making up a X% share of total imports. Togo (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden frame importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X), together comprising X% of total imports. Benin, Senegal, Niger and Togo lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Benin, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 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 ($X per unit), while Togo ($X per unit) 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.

Source: IndexBox Platform

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