ECOWAS: Filter Paper Market 2024

Filter Paper Market Size in ECOWAS

The ECOWAS filter paper market rose notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption posted resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Filter Paper Production in ECOWAS

In value terms, filter paper production rose to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Filter Paper Exports

Exports in ECOWAS

In 2022, approx. X kg of filter paper and paperboard cut to shape were exported in ECOWAS; dropping by X% compared with the previous year's figure. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, filter paper exports dropped rapidly to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Senegal (X kg) was the key exporter of filter paper and paperboard cut to shape, comprising X% of total exports. Togo (X kg) took the second position in the ranking, distantly followed by Nigeria (X kg), Gambia (X kg), Ghana (X kg) and Cabo Verde (X kg). All these countries together held near X% share of total exports.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Cabo Verde (X%), Gambia (X%) and Togo (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Togo (X p.p.), Gambia (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest filter paper supplying countries in ECOWAS were Senegal ($X), Gambia ($X) and Cabo Verde ($X), with a combined X% share of total exports.

Cabo Verde, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Gambia ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Filter Paper Imports

Imports in ECOWAS

In 2022, purchases abroad of filter paper and paperboard cut to shape decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, filter paper imports declined markedly to $X in 2022. In general, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the key importer of filter paper and paperboard cut to shape in ECOWAS, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Ghana (X tons), Cote d'Ivoire (X tons) and Senegal (X tons), together making up a X% share of total imports. The following importers - Mali (X tons) and Benin (X tons) - each amounted to a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) and Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire, Senegal and Mali increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported filter paper and paperboard cut to shape in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with an X% share.

In Nigeria, filter paper imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price continues to indicate a slight increase. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, 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 Mali ($X per ton), while Benin ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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