ECOWAS: Leather Sports Gloves Market 2024

Leather Sports Gloves Market Size in ECOWAS

The ECOWAS leather sports gloves market dropped significantly to $X in 2022, with a decrease of -53.7% against the previous year. Over the period under review, consumption recorded a noticeable decrease. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Leather Sports Gloves Production in ECOWAS

In value terms, leather sports gloves production dropped modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 358% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Leather Sports Gloves Exports

Exports in ECOWAS

In 2022, the amount of leather sports gloves, mittens and mitts exported in ECOWAS contracted to X units, which is down by -11.2% against the year before. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 62% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, leather sports gloves exports contracted remarkably to $X in 2022. Overall, exports recorded a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 58%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) and Senegal (X units) dominates exports structure, together mixing up 94% of total exports. Niger (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the largest leather sports gloves supplier in ECOWAS, comprising 70% of total exports. The second position in the ranking was held by Senegal ($X), with an 18% share of total exports.

In Cote d'Ivoire, leather sports gloves exports increased at an average annual rate of +4.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (-1.1% per year) and Niger (+31.1% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, reducing by -14.8% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (+15.3%), while the other leaders experienced mixed trends in the export price figures.

Leather Sports Gloves Imports

Imports in ECOWAS

Leather sports gloves imports dropped notably to X units in 2022, reducing by -54.7% against 2021. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by 247% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, leather sports gloves imports contracted sharply to $X in 2022. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 91% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of leather sports gloves imports in 2022 were Ghana (X units), Nigeria (X units) and Gambia (X units), together amounting to 79% of total import. It was distantly followed by Senegal (X units), making up a 9.3% share of total imports. The following importers - Togo (X units), Guinea (X units), Niger (X units) and Cabo Verde (X units) - each finished at an 8.3% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Gambia (with a CAGR of +44.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Gambia ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 56% of total imports. Nigeria, Togo, Guinea, Cabo Verde and Niger lagged somewhat behind, together comprising a further 37%.

Togo, with a CAGR of +42.5%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in ECOWAS amounted to $X per unit, picking up by 4% against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 94% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform