ECOWAS: Market for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets 2025

Market Size for Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets in ECOWAS

In 2021, the ECOWAS market for graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets increased by 11% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight X-150 g/m2 in Sheets in ECOWAS

In value terms, production of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets contracted slightly to $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.3% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then shrank in the following year.

Exports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets

Exports in ECOWAS

In 2021, exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets in ECOWAS shrank remarkably to X tons, waning by -25.4% on the previous year. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets expanded remarkably to $X in 2021. Over the period under review, exports continue to indicate a precipitous contraction. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Nigeria (X tons), Togo (X tons) and Senegal (X tons) was the key exporter of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets in ECOWAS, committing 81% of total export. Sierra Leone (X tons) ranks next in terms of the total exports with a 9.9% share, followed by Ghana (5.2%). Niger (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Niger (with a CAGR of +58.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X) remains the largest graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets supplier in ECOWAS, comprising 59% of total exports. The second position in the ranking was taken by Senegal ($X), with a 19% share of total exports. It was followed by Togo, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at -6.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (-3.4% per year) and Togo (-14.9% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, jumping by 50% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Graphic Paper with Mechanical Fibre Content Under 10% and of Weight 40-150 g/m2 in Sheets

Imports in ECOWAS

For the third year in a row, ECOWAS recorded growth in purchases abroad of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets, which increased by 7.5% to X tons in 2021. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 31%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, imports of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importer of graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets in ECOWAS, with the volume of imports accounting for X tons, which was near 70% of total imports in 2021. Ghana (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (8.4%). The following importers - Benin (X tons) and Burkina Faso (X tons) - each recorded a 4.1% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets imports into Nigeria stood at +3.4%. At the same time, Cote d'Ivoire (+14.1%), Ghana (+6.2%), Benin (+6.1%) and Burkina Faso (+3.6%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +14.1% from 2012-2021. From 2012 to 2021, the share of Cote d'Ivoire and Ghana increased by +4.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported graphic paper with mechanical fibre content under 10% and of weight X-150 g/m2 in sheets in ECOWAS, comprising 75% of total imports. The second position in the ranking was taken by Ghana ($X), with a 10% share of total imports. It was followed by Cote d'Ivoire, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +3.7%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+3.6% per year) and Cote d'Ivoire (+10.8% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform