Western Africa: Market for Woven Pile Fabrics And Chenille Fabrics 2024

Market Size for Woven Pile Fabrics And Chenille Fabrics in Western Africa

In 2023, the West African pile and chenille fabric market decreased by X% to $X, falling for the third year in a row after four years of growth. In general, 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 2023, consumption failed to regain momentum.

Production of Woven Pile Fabrics And Chenille Fabrics in Western Africa

In value terms, pile and chenille fabric production totaled $X in 2023 estimated in export price. In general, production, however, showed a mild setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Exports of Woven Pile Fabrics And Chenille Fabrics

Exports in Western Africa

In 2023, pile and chenille fabric exports in Western Africa contracted notably to X tons, waning by X% on the year before. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, pile and chenille fabric exports declined markedly to $X in 2023. In general, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Ghana was the largest exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Guinea (X kg), creating a X% share of total exports. Gambia (X kg), Nigeria (X kg) and Cote d'Ivoire (X kg) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to pile and chenille fabric exports from Ghana stood at X%. At the same time, Guinea (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Gambia (X%), Cote d'Ivoire (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana and Guinea increased by X and X percentage points, respectively.

In value terms, Ghana ($X) remains the largest pile and chenille fabric supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Guinea ($X), with a X% share of total exports. It was followed by Gambia, with a X% share.

In Ghana, pile and chenille fabric exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Guinea (X% per year) and Gambia (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price faced a deep downturn. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Gambia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Woven Pile Fabrics And Chenille Fabrics

Imports in Western Africa

In 2023, overseas purchases of woven pile fabrics and chenille fabrics decreased by X% to X tons, falling for the third consecutive year after seven years of growth. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, pile and chenille fabric imports reduced to $X in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the largest importer of woven pile fabrics and chenille fabrics in Western Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. It was distantly followed by Ghana (X tons) and Senegal (X tons), together achieving a X% share of total imports. Cote d'Ivoire (X tons), Mauritania (X tons), Guinea (X tons) and Gambia (X tons) took a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Ghana (X%), Gambia (X%), Guinea (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Mauritania (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Ghana (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Mauritania saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pile and chenille fabric importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Guinea ($X), together comprising X% of total imports.

Guinea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a abrupt decline. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guinea ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform