ECOWAS: Paper Label Market 2024

Paper Label Market Size in ECOWAS

The ECOWAS paper label market shrank slightly to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Paper Label Production in ECOWAS

In value terms, paper label 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 pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Paper Label Exports

Exports in ECOWAS

In 2022, overseas shipments of labels of paper or paperboard increased by X% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, paper label exports skyrocketed to $X in 2022. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Ghana represented the largest exporter of labels of paper or paperboard in ECOWAS, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) held the second position in the ranking, distantly followed by Senegal (X tons). All these countries together held approx. X% share of total exports. Togo (X tons) followed a long way behind the leaders.

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

In value terms, the largest paper label supplying countries in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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 Togo ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Paper Label Imports

Imports in ECOWAS

After three years of growth, purchases abroad of labels of paper or paperboard decreased by X% to X tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, paper label imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of labels of paper or paperboard, namely Nigeria, Senegal, Togo, Ghana and Burkina Faso, represented more than two-thirds of total import. It was distantly followed by Cote d'Ivoire (X tons), committing a X% share of total imports. Benin (X tons) and Guinea (X tons) 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 paper label importing markets in ECOWAS were Ghana ($X), Togo ($X) and Nigeria ($X), together comprising X% of total imports. Burkina Faso, Senegal, Cote d'Ivoire, Benin and Guinea lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Benin, with a CAGR of X%, saw 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 2022, the import price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the 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 Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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