Western Africa: Market for Packing Cases, Boxes And Similar Packings 2024

Market Size for Packing Cases, Boxes And Similar Packings in Western Africa

The West African wooden case and box market expanded rapidly to $X in 2022, picking up by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Packing Cases, Boxes And Similar Packings in Western Africa

In value terms, wooden case and box production rose significantly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Packing Cases, Boxes And Similar Packings

Exports in Western Africa

In 2022, exports of packing cases, boxes and similar packings in Western Africa surged to X units, increasing by X% compared with the year before. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, wooden case and box exports surged to $X in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Cote d'Ivoire (X units) was the main exporter of packing cases, boxes and similar packings, achieving X% of total exports. It was distantly followed by Togo (X units), Senegal (X units) and Nigeria (X units), together achieving a X% share of total exports. Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wooden case and box exports from Cote d'Ivoire stood at X%. At the same time, Nigeria (X%), Senegal (X%), Benin (X%) and Togo (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Senegal, Togo, Nigeria and Cote d'Ivoire increased by X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest wooden case and box supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with an X% share of total exports. It was followed by Nigeria, with a X% share.

In Cote d'Ivoire, wooden case and box exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, 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.

Imports of Packing Cases, Boxes And Similar Packings

Imports in Western Africa

In 2022, purchases abroad of packing cases, boxes and similar packings increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, wooden case and box imports shrank sharply to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Cote d'Ivoire was the key importer of packing cases, boxes and similar packings in Western Africa, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Senegal (X units), Ghana (X units), Gambia (X units) and Nigeria (X units), together achieving a X% share of total imports. Cabo Verde (X units) held a minor share of total imports.

Imports into Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%), Senegal (X%), Cabo Verde (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Nigeria experienced a relatively flat trend pattern. Cote d'Ivoire (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported packing cases, boxes and similar packings in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Senegal, with a X% share.

In Cote d'Ivoire, wooden case and box imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, shrinking by X% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per unit), while Gambia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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