ECOWAS: Market for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap 2025

Market Size for Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in ECOWAS

The ECOWAS market for footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap amounted to $X in 2021, growing by 13% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; afterwards, it flattened through to 2021.

Production of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap in ECOWAS

In value terms, production of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap surged to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Exports in ECOWAS

For the fourth consecutive year, ECOWAS recorded decline in shipments abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, which decreased by -51.3% to X tons in 2021. Overall, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap shrank remarkably to $X in 2021. Over the period under review, exports faced a sharp decline. The most prominent rate of growth was recorded in 2020 when exports increased by 5.7%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) and Togo (X tons) represented the key exporters of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap in 2021, finishing at approx. 36% and 36% of total exports, respectively. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Senegal (X tons). All these countries together held near 25% share of total exports. Ghana (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of +48.4%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) emerged as the largest footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap supplier in ECOWAS, comprising 63% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 13% share of total exports. It was followed by Nigeria, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Senegal amounted to +25.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (-29.1% per year) and Nigeria (-39.5% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, which is down by -45.4% against the previous year. In general, the export price, however, recorded a temperate increase. The pace of growth appeared the most rapid in 2019 an increase of 50% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+19.5%), while the other leaders experienced more modest paces of growth.

Imports of Footwear of Rubber or Plastics, not Waterproof, not Sports, without a Metal Toe-Cap

Imports in ECOWAS

In 2021, purchases abroad of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap decreased by -0.5% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 21% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, imports of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap rose markedly to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 27% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Ghana (X tons), distantly followed by Togo (X tons), Guinea (X tons), Senegal (X tons), Burkina Faso (X tons), Cote d'Ivoire (X tons) and Benin (X tons) were the main importers of footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap, together mixing up 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Senegal (with a CAGR of +29.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) constitutes the largest market for imported footwear of rubber or plastics, not waterproof, not sports, without a metal toe-cap in ECOWAS, comprising 39% of total imports. The second position in the ranking was taken by Guinea ($X), with a 13% share of total imports. It was followed by Senegal, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana stood at +3.5%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (-0.5% per year) and Senegal (+40.2% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, with an increase of 6.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 18%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+8.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform