ECOWAS: Book Folding Machine Market 2025

Book Folding Machine Market Size in ECOWAS

The ECOWAS book folding machine market surged to $X in 2022, increasing by 22% against the previous year. In general, consumption continues to indicate significant growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Book Folding Machine Production in ECOWAS

In value terms, book folding machine production expanded modestly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -2.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Book Folding Machine Exports

Exports in ECOWAS

After three years of decline, overseas shipments of folding machines for books increased by 37% to X units in 2022. Overall, exports, however, showed a abrupt curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, book folding machine exports surged to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 127%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ghana prevails in exports structure, finishing at X units, which was approx. 84% of total exports in 2022. Togo (X units) held a 9% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (5.3%). Senegal (X units) held a little share of total exports.

Ghana was also the fastest-growing in terms of the folding machines for books exports, with a CAGR of +20.9% from 2012 to 2022. At the same time, Senegal (+11.6%) displayed positive paces of growth. By contrast, Nigeria (-6.4%) and Togo (-29.9%) illustrated a downward trend over the same period. While the share of Ghana (+80 p.p.), Nigeria (+2.3 p.p.) and Senegal (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (-82.9 p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest book folding machine supplier in ECOWAS, comprising 93% of total exports. The second position in the ranking was held by Nigeria ($X), with a 5.6% share of total exports. It was followed by Senegal, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to +26.0%. In the other countries, the average annual rates were as follows: Nigeria (-5.5% per year) and Senegal (+0.1% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, falling by -13.1% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2018 an increase of 119% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

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 ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Book Folding Machine Imports

Imports in ECOWAS

In 2022, the amount of folding machines for books imported in ECOWAS soared to X units, growing by 30% on the previous year. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 292% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, book folding machine imports fell slightly to $X in 2022. In general, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 153%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of book folding machine imports in 2022 were Nigeria (X units), together reaching 97% of total import.

Nigeria was also the fastest-growing in terms of the folding machines for books imports, with a CAGR of +43.7% from 2012 to 2022. Nigeria (+51 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported folding machines for books in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +31.8%.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, with a decrease of -25% against the previous year. In general, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2014 when the import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

As there is only one major supplying country, 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 -8.3% per year.

Source: IndexBox Platform