ECOWAS: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in ECOWAS

The ECOWAS paper pulp moulded articles market expanded sharply to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Moulded Or Pressed Articles Of Paper Pulp in ECOWAS

In value terms, paper pulp moulded articles production expanded significantly to $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports in ECOWAS

In 2022, overseas shipments of moulded or pressed articles of paper pulp decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, continue to indicate a slight increase. 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 at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, paper pulp moulded articles exports dropped to $X in 2022. Over the period under review, exports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. The following exporters - Nigeria (X tons) and Mali (X tons) - each accounted for a X% share of total exports.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of moulded or pressed articles of paper pulp. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest paper pulp moulded articles supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Mali (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while Mali ($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 export price figures.

Imports of Moulded Or Pressed Articles Of Paper Pulp

Imports in ECOWAS

In 2022, imports of moulded or pressed articles of paper pulp in ECOWAS dropped to X tons, with a decrease of X% against the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, paper pulp moulded articles imports fell to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Cote d'Ivoire (X tons) was the key importer of moulded or pressed articles of paper pulp, mixing up X% of total imports. It was distantly followed by Ghana (X tons), Senegal (X tons) and Nigeria (X tons), together making up a X% share of total imports. Burkina Faso (X tons) followed a long way behind the leaders.

Imports into Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Burkina Faso (X%) and Senegal (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. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Senegal increased by 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 ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Nigeria and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in ECOWAS amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nigeria ($X per ton) and Senegal ($X per ton), while Cote d'Ivoire ($X per ton) and Ghana ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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