ECOWAS: Market for Albums For Samples, Collections, Stamps Or Photographs 2024

Market Size for Albums For Samples, Collections, Stamps Or Photographs in ECOWAS

For the third consecutive year, the ECOWAS market for albums for samples, collections, stamps or photographs recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, recorded a slight reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Albums For Samples, Collections, Stamps Or Photographs in ECOWAS

In value terms, stamp and photo collection album production reached $X in 2023 estimated in export price. In general, production posted perceptible growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Albums For Samples, Collections, Stamps Or Photographs

Exports in ECOWAS

In 2023, shipments abroad of albums for samples, collections, stamps or photographs was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, stamp and photo collection album exports amounted to $X in 2023. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Nigeria (X kg) was the largest exporter of albums for samples, collections, stamps or photographs, committing X% of total exports. Cote d'Ivoire (X kg) ranks second in terms of the total exports with a X% share, followed by Ghana (X%). Senegal (X kg) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to stamp and photo collection album exports from Nigeria stood at X%. At the same time, Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Senegal (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest stamp and photo collection album supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, 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 Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced more modest paces of growth.

Imports of Albums For Samples, Collections, Stamps Or Photographs

Imports in ECOWAS

For the third year in a row, ECOWAS recorded growth in supplies from abroad of albums for samples, collections, stamps or photographs, which increased by X% to X tons in 2023. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, stamp and photo collection album imports surged to $X in 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

Imports by Country

In 2023, Nigeria (X tons) represented the key importer of albums for samples, collections, stamps or photographs, making up X% of total imports. It was distantly followed by Senegal (X tons), generating a X% share of total imports. Burkina Faso (X tons), Cote d'Ivoire (X tons), Guinea (X tons), Ghana (X tons) and Benin (X tons) followed a long way behind the leaders.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Guinea (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%), Benin (X%) and Ghana (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Burkina Faso (X p.p.) and Guinea (X p.p.) significantly strengthened its position in terms of the total imports, while Benin, Nigeria and Ghana saw its share reduced by X%, 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 stamp and photo collection album importing markets in ECOWAS were Nigeria ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total imports. Cote d'Ivoire, Guinea, Burkina Faso and Benin lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Burkina Faso, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Overall, the import price showed strong growth. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform