ECOWAS: Market for Mattresses of cellular rubber or plastics 2024

Market Size for Mattresses of cellular rubber or plastics in ECOWAS

The ECOWAS market for mattresses of cellular rubber or plastics totaled $X in 2022, approximately reflecting the previous year. In general, consumption, however, posted resilient growth. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Production of Mattresses of cellular rubber or plastics in ECOWAS

In value terms, production of mattresses of cellular rubber or plastics amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 15%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Mattresses of cellular rubber or plastics

Exports in ECOWAS

In 2022, approx. X units of mattresses of cellular rubber or plastics were exported in ECOWAS; remaining constant against the previous year. Over the period under review, exports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 70%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of mattresses of cellular rubber or plastics declined to $X in 2022. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by 171% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Senegal was the key exporting country with an export of about X units, which recorded 50% of total exports. Mali (X units) held a 31% share (based on physical terms) of total exports, which put it in second place, followed by Togo (15%). Nigeria (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Senegal (with a CAGR of +60.6%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X) remains the largest mattresses of cellular rubber or plastics supplier in ECOWAS, comprising 55% of total exports. The second position in the ranking was held by Mali ($X), with a 26% share of total exports. It was followed by Togo, with a 14% share.

In Senegal, exports of mattresses of cellular rubber or plastics increased at an average annual rate of +60.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mali (+3.4% per year) and Togo (+20.1% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, almost unchanged from the previous year. Export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses of cellular rubber or plastics increased by +143.1% against 2016 indices. The growth pace was the most rapid in 2017 when the export price increased by 60% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Senegal ($X per unit) and Nigeria ($X per unit), while Mali ($X per unit) and Togo ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+1.8%), while the other leaders experienced more modest paces of growth.

Imports of Mattresses of cellular rubber or plastics

Imports in ECOWAS

In 2022, after three years of growth, there was decline in overseas purchases of mattresses of cellular rubber or plastics, when their volume decreased by -1.8% to X units. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 205%. The volume of import peaked at X units in 2021, and then declined in the following year.

In value terms, imports of mattresses of cellular rubber or plastics amounted to $X in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 175% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Guinea (X units) represented the key importer of mattresses of cellular rubber or plastics, creating 38% of total imports. Guinea-Bissau (X units) ranks second in terms of the total imports with a 19% share, followed by Mali (9%), Ghana (8.6%), Burkina Faso (7.6%) and Cote d'Ivoire (4.8%). Gambia (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guinea (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Guinea-Bissau ($X) and Burkina Faso ($X) constituted the countries with the highest levels of imports in 2022, together comprising 69% of total imports.

In terms of the main importing countries, Guinea, with a CAGR of +45.9%, saw the highest growth rate of 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 2022, the import price in ECOWAS amounted to $X per unit, growing by 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 27%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea-Bissau (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform