ECOWAS: Matches Market 2024

Matches Market Size in ECOWAS

The ECOWAS matches market reduced to $X in 2021, waning by -5.3% against the previous year. Over the period under review, consumption recorded a pronounced decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Matches Production in ECOWAS

In value terms, matches production dropped notably to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible downturn. The growth pace was the most rapid in 2015 with an increase of 255% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Matches Exports

Exports in ECOWAS

In 2021, approx. X tons of matches were exported in ECOWAS; stabilizing at the previous year. Over the period under review, exports, however, recorded a mild slump. The pace of growth was the most pronounced in 2014 when exports increased by 38%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, matches exports skyrocketed to $X in 2021. In general, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Niger (X tons) represented the major exporter of matches, mixing up 57% of total exports. Nigeria (X tons) took the second position in the ranking, distantly followed by Ghana (X tons), Senegal (X tons) and Togo (X tons). All these countries together held approx. 42% share of total exports.

Exports from Niger increased at an average annual rate of +5.4% from 2012 to 2021. At the same time, Senegal (+27.1%), Nigeria (+23.0%) and Togo (+14.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +27.1% from 2012-2021. By contrast, Ghana (-5.8%) illustrated a downward trend over the same period. While the share of Niger (+26 p.p.), Nigeria (+19 p.p.), Senegal (+5.4 p.p.) and Togo (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ghana (-3.6 p.p.) displayed negative dynamics.

In value terms, Niger ($X) remains the largest matches supplier in ECOWAS, comprising 65% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 13% share of total exports. It was followed by Ghana, with a 12% share.

In Niger, matches exports increased at an average annual rate of +6.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+21.6% per year) and Ghana (-2.4% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+3.6%), while the other leaders experienced more modest paces of growth.

Matches Imports

Imports in ECOWAS

After five years of growth, overseas purchases of matches decreased by -7% to X tons in 2021. Overall, imports saw a slight decrease. The growth pace was the most rapid in 2013 with an increase of 28%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, matches imports reduced slightly to $X in 2021. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when imports increased by 28%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the main importer of matches in ECOWAS, with the volume of imports amounting to X tons, which was approx. 39% of total imports in 2021. It was distantly followed by Ghana (X tons), Benin (X tons), Togo (X tons) and Guinea (X tons), together achieving a 49% share of total imports. The following importers - Niger (X tons) and Gambia (X tons) - together made up 5.2% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Benin (with a CAGR of +13.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest matches importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Benin ($X), together comprising 70% of total imports.

In terms of the main importing countries, Benin, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, growing by 7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 37%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform