ECOWAS: Market for Pulp From Fibres Other Than Wood 2024

Market Size for Pulp From Fibres Other Than Wood in ECOWAS

The ECOWAS market for pulp from fibres other than wood soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption posted significant growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Pulp From Fibres Other Than Wood in ECOWAS

In value terms, production of pulp from fibres other than wood dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Pulp From Fibres Other Than Wood

Exports in ECOWAS

After two years of growth, overseas shipments of pulp from fibres other than wood decreased by X% to X tons in 2022. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of pulp from fibres other than wood expanded significantly to $X in 2022. Over the period under review, exports faced a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Nigeria dominates wood structure, accounting for X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons) took the second position in the ranking, followed by Ghana (X tons). All these countries together held approx. X% share of total exports.

Exports from Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Cote d'Ivoire (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, Nigeria ($X) remains the largest pulp from fibres other than wood supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Nigeria, exports of pulp from fibres other than wood shrank by 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).

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, continues to indicate a significant decline. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Imports of Pulp From Fibres Other Than Wood

Imports in ECOWAS

In 2022, imports of pulp from fibres other than wood in ECOWAS skyrocketed to X tons, rising by X% against the year before. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of pulp from fibres other than wood skyrocketed to $X in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Nigeria represented the major importer of pulp from fibres other than wood in ECOWAS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Togo (X tons) took the second position in the ranking, distantly followed by Cote d'Ivoire (X tons) and Mali (X tons). All these countries together held approx. X% share of total imports. Guinea (X tons) and Gambia (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the pulp from fibres other than wood imports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Gambia (X%), Mali (X%), Togo (X%) and Guinea (X%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire and Guinea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pulp from fibres other than wood in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Mali ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Mali (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, growing by X% against the previous year. Overall, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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