ECOWAS: Hand Sieve Market 2024

Hand Sieve Market Size in ECOWAS

The ECOWAS hand sieve market was estimated at $X in 2022, increasing by 7% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hand Sieve Production in ECOWAS

In value terms, hand sieve production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Hand Sieve Exports

Exports in ECOWAS

In 2022, approx. X units of hand sieves and hand riddles were exported in ECOWAS; falling by -88.7% on the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 226%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand sieve exports shrank rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 281%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X units), distantly followed by Cote d'Ivoire (X units), Senegal (X units) and Mali (X units) were the key exporters of hand sieves and hand riddles, together comprising 95% of total exports. Burkina Faso (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of +1.4%), while the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X) remains the largest hand sieve supplier in ECOWAS, comprising 93% of total exports. The second position in the ranking was held by Burkina Faso ($X), with a 2.7% share of total exports. It was followed by Cote d'Ivoire, with a 1.9% share.

In Nigeria, hand sieve exports increased at an average annual rate of +15.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Burkina Faso (-7.4% per year) and Cote d'Ivoire (-18.4% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, jumping by 496% against the previous year. Over the period under review, the export price posted a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+17.2%), while the other leaders experienced mixed trends in the export price figures.

Hand Sieve Imports

Imports in ECOWAS

In 2022, imports of hand sieves and hand riddles in ECOWAS surged to X units, with an increase of 38% against 2021 figures. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 46% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hand sieve imports reduced to $X in 2022. Over the period under review, imports recorded a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 72% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Niger represented the key importer of hand sieves and hand riddles in ECOWAS, with the volume of imports reaching X units, which was near 37% of total imports in 2022. Nigeria (X units) held the second position in the ranking, distantly followed by Cote d'Ivoire (X units), Ghana (X units) and Benin (X units). All these countries together took near 46% share of total imports. The following importers - Senegal (X units) and Burkina Faso (X units) - each finished at a 7.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand sieve importing markets in ECOWAS were Cote d'Ivoire ($X), Nigeria ($X) and Burkina Faso ($X), with a combined 65% share of total imports.

Cote d'Ivoire, with a CAGR of +21.8%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, shrinking by -33.4% against the previous year. Import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand sieve import price decreased by -36.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 36% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 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 Burkina Faso ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform