ECOWAS: Men Swimwear Market 2024

Men Swimwear Market Size in ECOWAS

The ECOWAS men swimwear market declined slightly to $X in 2023, falling by X% against the previous year. Over the period under review, consumption, however, posted a perceptible expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Men Swimwear Production in ECOWAS

In value terms, men swimwear production dropped modestly to $X in 2023 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Men Swimwear Exports

Exports in ECOWAS

In 2023, after two years of growth, there was significant decline in overseas shipments of mens swimwear (excluding of knitted or crocheted textiles), when their volume decreased by X% to X units. Overall, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, men swimwear exports reduced notably to $X in 2023. In general, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ghana was the key exporting country with an export of around X units, which accounted for X% of total exports. Sierra Leone (X units) took the second position in the ranking, distantly followed by Cabo Verde (X units), Senegal (X units) and Cote d'Ivoire (X units). All these countries together took approx. X% share of total exports. Nigeria (X units) took a relatively small share of total exports.

Ghana was also the fastest-growing in terms of the mens swimwear (excluding of knitted or crocheted textiles) exports, with a CAGR of X% from 2012 to 2023. At the same time, Cabo Verde (X%), Senegal (X%), Sierra Leone (X%) and Nigeria (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Cabo Verde (X p.p.), Sierra Leone (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sierra Leone ($X) emerged as the largest men swimwear supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Sierra Leone, men swimwear exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Cabo Verde (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per unit, waning by X% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 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 Nigeria ($X per unit), while Cabo Verde ($X per unit) 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.

Men Swimwear Imports

Imports in ECOWAS

Men swimwear imports surged to X units in 2023, rising by X% compared with the year before. Over the period under review, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, men swimwear imports soared to $X in 2023. In general, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X units) and Senegal (X units) represented the largest importers of mens swimwear (excluding of knitted or crocheted textiles) in 2023, reaching near X% and X% of total imports, respectively. It was distantly followed by Cote d'Ivoire (X units), constituting a X% share of total imports. Mali (X units), Togo (X units), Guinea-Bissau (X units) and Benin (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guinea-Bissau (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Mali, Togo, Benin and Guinea-Bissau lagged somewhat behind, together comprising a further X%.

Guinea-Bissau, with a CAGR of X%, saw the highest growth rate of 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

The import price in ECOWAS stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 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 Benin ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2023, 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