ECOWAS: Market for Chamois Leather and Combination Chamois Leather 2024

Market Size for Chamois Leather and Combination Chamois Leather in ECOWAS

The ECOWAS market for chamois leather and combination chamois leather contracted to $X in 2022, waning by -14.1% against the previous year. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 -29.0% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Chamois Leather and Combination Chamois Leather in ECOWAS

In value terms, production of chamois leather and combination chamois leather dropped to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +15.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Chamois Leather and Combination Chamois Leather

Exports in ECOWAS

In 2022, the amount of chamois leather and combination chamois leather exported in ECOWAS shrank to X square meters, which is down by -7.7% compared with the previous year's figure. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 103%. The volume of export peaked at X square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of chamois leather and combination chamois leather contracted to $X in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 140% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Nigeria (X square meters) represented the largest exporter of chamois leather and combination chamois leather in ECOWAS, constituting 99.9% of total export.

Nigeria was also the fastest-growing in terms of the chamois leather and combination chamois leather exports, with a CAGR of +13.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest chamois leather and combination chamois leather supplier in ECOWAS.

In Nigeria, exports of chamois leather and combination chamois leather increased at an average annual rate of +13.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per square meter, stabilizing at the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 26% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +0.2% per year.

Imports of Chamois Leather and Combination Chamois Leather

Imports in ECOWAS

In 2022, supplies from abroad of chamois leather and combination chamois leather decreased by -49.5% to X square meters, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 501%. The volume of import peaked at X square meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of chamois leather and combination chamois leather declined to $X in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 339%. Over the period under review, imports of reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria dominates leather structure, amounting to X square meters, which was approx. 96% of total imports in 2022. Ghana (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the chamois leather and combination chamois leather imports, with a CAGR of +65.2% from 2012 to 2022. At the same time, Ghana (+18.2%) displayed positive paces of growth. Nigeria (+63 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -34.7% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported chamois leather and combination chamois leather in ECOWAS, comprising 90% of total imports. The second position in the ranking was held by Ghana ($X), with a 9.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +52.5%.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per square meter, jumping by 77% against the previous year. In general, the import price, however, recorded a abrupt descent. Over the period under review, import prices hit record highs at $X per square meter in 2015; however, from 2016 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 Ghana ($X per square meter), while Nigeria amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+2.5%).

Source: IndexBox Platform