ECOWAS: Pantyhose Market 2024

Pantyhose Market Size in ECOWAS

The ECOWAS pantyhose market declined to $X in 2022, approximately mirroring the previous year. Overall, consumption showed a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pantyhose Production in ECOWAS

In value terms, pantyhose production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pantyhose Exports

Exports in ECOWAS

Pantyhose exports rose slightly to X pairs in 2022, increasing by X% compared with the year before. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X pairs. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pantyhose exports reached $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Senegal dominates exports structure, resulting at X pairs, which was near X% of total exports in 2022. It was distantly followed by Togo (X pairs), making up a X% share of total exports. Cote d'Ivoire (X pairs) and Sierra Leone (X pairs) followed a long way behind the leaders.

Exports from Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Togo (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (X p.p.) and Sierra Leone (X p.p.) displayed negative dynamics.

In value terms, Senegal ($X) remains the largest pantyhose supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

In Senegal, pantyhose exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Togo (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per pair in 2022, growing by X% against the previous year. Overall, the export price saw measured growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per pair. From 2021 to 2022, the export prices failed to regain momentum.

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 Cote d'Ivoire ($X per pair), while Togo ($X per pair) was amongst the lowest.

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

Pantyhose Imports

Imports in ECOWAS

In 2022, imports of pantyhose and tights in ECOWAS soared to X pairs, with an increase of X% on the previous year's figure. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X pairs in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, pantyhose imports expanded modestly to $X in 2022. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Ghana represented the largest importer of pantyhose and tights in ECOWAS, with the volume of imports amounting to X pairs, which was near X% of total imports in 2022. It was distantly followed by Togo (X pairs), Benin (X pairs), Nigeria (X pairs), Sierra Leone (X pairs) and Senegal (X pairs), together committing a X% share of total imports. Cabo Verde (X pairs) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pantyhose imports into Ghana stood at X%. At the same time, Togo (X%), Nigeria (X%), Sierra Leone (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal and Benin experienced a relatively flat trend pattern. Ghana (X p.p.), Togo (X p.p.), Nigeria (X p.p.), Sierra Leone (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Benin saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported pantyhose and tights in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Togo ($X), with a X% share of total imports. It was followed by Sierra Leone, with a X% share.

In Ghana, pantyhose imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Sierra Leone (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per pair, falling by X% against the previous year. In general, the import price showed a noticeable setback. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per pair in 2016; however, from 2017 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 Ghana ($X per pair), while Benin ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform