ECOWAS: Paper Bag Market 2024

Paper Bag Market Size in ECOWAS

The ECOWAS paper bag market rose slightly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Paper Bag Production in ECOWAS

In value terms, paper bag production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Paper Bag Exports

Exports in ECOWAS

Paper bag exports shrank slightly to X tons in 2023, remaining stable against the previous year's figure. Overall, exports, however, showed a strong increase. 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 attained the peak figure at X tons in 2022, and then dropped modestly in the following year.

In value terms, paper bag exports dropped to $X in 2023. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then contracted in the following year.

Exports by Country

In 2023, Cote d'Ivoire (X tons) was the main exporter of sacks and bags of paper, constituting X% of total exports. Ghana (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%). Nigeria (X tons) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Nigeria (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. Senegal (X p.p.), Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest paper bag supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of origin: 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 2023, 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.

Paper Bag Imports

Imports in ECOWAS

In 2023, overseas purchases of sacks and bags of paper decreased by X% to X tons, falling for the second year in a row after seven years of growth. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, paper bag imports contracted to $X in 2023. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

The countries with the highest levels of paper bag imports in 2023 were Senegal (X tons), Ghana (X tons) and Cote d'Ivoire (X tons), together amounting to X% of total import. It was distantly followed by Mali (X tons), Guinea (X tons), Burkina Faso (X tons) and Benin (X tons), together creating a X% share of total imports.

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

In value terms, Senegal ($X), Ghana ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Mali, Burkina Faso, Guinea and Benin lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Mali, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Mali ($X per ton) and Burkina Faso ($X per ton), while Senegal ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform