ECOWAS: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in ECOWAS

The ECOWAS table-tennis equipment market reached $X in 2022, increasing by 12% against the previous year. Over the period under review, consumption, however, showed strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Table-Tennis Equipment Production in ECOWAS

In value terms, table-tennis equipment production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate pronounced growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 62%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Table-Tennis Equipment Exports

Exports in ECOWAS

After two years of growth, shipments abroad of articles and equipment for table-tennis decreased by -35.8% to X kg in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 1,053% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, table-tennis equipment exports fell dramatically to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 344%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria was the key exporting country with an export of around X kg, which reached 48% of total exports. Senegal (X kg) held the second position in the ranking, distantly followed by Ghana (X kg) and Togo (X kg). All these countries together took approx. 52% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of +2.3%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest table-tennis equipment supplying countries in ECOWAS were Senegal ($X), Ghana ($X) and Nigeria ($X), with a combined 84% share of total exports.

Among the main exporting countries, Ghana, with a CAGR of +24.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, surging by 20% against the previous year. Overall, the export price recorded buoyant growth. The growth pace was the most rapid in 2016 an increase of 208% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 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 (+21.6%), while the other leaders experienced more modest paces of growth.

Table-Tennis Equipment Imports

Imports in ECOWAS

In 2022, approx. X tons of articles and equipment for table-tennis were imported in ECOWAS; increasing by 119% compared with 2021 figures. Overall, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 211%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, table-tennis equipment imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 165% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was near 90% of total imports in 2022. It was distantly followed by Ghana (X tons), comprising a 6.7% share of total imports. Cote d'Ivoire (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the articles and equipment for table-tennis imports, with a CAGR of +7.8% from 2012 to 2022. At the same time, Cote d'Ivoire (+3.5%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. Nigeria (+11 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -4.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported articles and equipment for table-tennis in ECOWAS, comprising 64% of total imports. The second position in the ranking was taken by Ghana ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+8.5% per year) and Cote d'Ivoire (+2.7% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, which is down by -38.3% against the previous year. Overall, the import price showed a deep slump. The growth pace was the most rapid in 2013 when the import price increased by 58%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Cote d'Ivoire ($X per ton), while Nigeria ($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 (+7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform