ECOWAS: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in ECOWAS

The ECOWAS non-corrugated paper box market shrank slightly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Non-Corrugated Paper Box Production in ECOWAS

In value terms, non-corrugated paper box production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Non-Corrugated Paper Box Exports

Exports in ECOWAS

In 2022, approx. X tons of folding cartons, boxes and cases of non-corrugated paper or paperboard were exported in ECOWAS; dropping by X% compared with 2021 figures. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-corrugated paper box exports declined notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire was the key exporter of folding cartons, boxes and cases of non-corrugated paper or paperboard in ECOWAS, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Senegal (X tons) took the second position in the ranking, followed by Nigeria (X tons) and Mali (X tons). All these countries together held near X% share of total exports. The following exporters - Benin (X tons) and Ghana (X tons) - each amounted to a X% share of total exports.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Mali (X%), Ghana (X%) and Benin (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Nigeria, Mali and Benin 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, Cote d'Ivoire ($X) remains the largest non-corrugated paper box supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total exports. It was followed by Senegal, with an X% share.

In Cote d'Ivoire, non-corrugated paper box exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Non-Corrugated Paper Box Imports

Imports in ECOWAS

In 2022, after five years of growth, there was significant decline in overseas purchases of folding cartons, boxes and cases of non-corrugated paper or paperboard, when their volume decreased by X% to X tons. Total imports indicated a perceptible expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, non-corrugated paper box imports fell notably to $X in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, Ghana (X tons) represented the main importer of folding cartons, boxes and cases of non-corrugated paper or paperboard, creating X% of total imports. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Senegal (X tons), Nigeria (X tons), Guinea (X tons), Burkina Faso (X tons) and Mali (X tons). All these countries together took near X% share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Cote d'Ivoire (X%), Senegal (X%) and Mali (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Guinea experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.), Guinea (X p.p.) and Burkina Faso (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported folding cartons, boxes and cases of non-corrugated paper or paperboard in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

In Ghana, non-corrugated paper box imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the 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 ($X per ton), while Guinea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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