ECOWAS: Market for Finishing Agents Used In The Paper Industry 2024

Market Size for Finishing Agents Used In The Paper Industry in ECOWAS

In 2022, the ECOWAS paper industry finishing agents market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. The total consumption indicated tangible growth 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 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Finishing Agents Used In The Paper Industry in ECOWAS

In value terms, paper industry finishing agents production declined slightly to $X in 2022 estimated in export price. The total production indicated a pronounced 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Finishing Agents Used In The Paper Industry

Exports in ECOWAS

In 2018, overseas shipments of finishing agents used in the paper industry decreased by X% to X kg, falling for the third consecutive year after two years of growth. In general, exports recorded a dramatic descent. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

In value terms, paper industry finishing agents exports stood at $X in 2018. Overall, exports saw a sharp slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2018, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Ghana (X kg), together reaching X% of total export.

Ghana was also the fastest-growing in terms of the finishing agents used in the paper industry exports, with a CAGR of X% from 2012 to 2018. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2018, the average annual growth rate of value in Ghana stood at X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2018, flattening at the previous year. In general, the export price showed a deep slump. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2018, 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 Ghana.

From 2012 to 2018, the rate of growth in terms of prices for Ghana amounted to X% per year.

Imports of Finishing Agents Used In The Paper Industry

Imports in ECOWAS

Paper industry finishing agents imports surged to X tons in 2022, rising by X% compared with 2021. In general, imports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, paper industry finishing agents imports expanded markedly to $X in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the main importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Ghana (X tons), comprising a X% share of total imports. Cote d'Ivoire (X tons) and Gambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Gambia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported finishing agents used in the paper industry in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, paper industry finishing agents 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 Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2021, and then declined dramatically in the following year.

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

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

Source: IndexBox Platform