ECOWAS: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in ECOWAS

The ECOWAS paper and paperboard market reached $X in 2022, increasing by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Paper And Paperboard Production in ECOWAS

In value terms, paper and paperboard production rose significantly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Paper And Paperboard Exports

Exports in ECOWAS

In 2022, the amount of paper and paperboard exported in ECOWAS dropped sharply to X tons, reducing by X% on the year before. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, paper and paperboard exports fell sharply to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Ghana was the major exporter of paper and paperboard in ECOWAS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%) and Nigeria (X%).

Ghana was also the fastest-growing in terms of the paper and paperboard exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. While the share of Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest paper and paperboard supplying countries in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total exports. These countries were followed by Nigeria, which accounted for a further X%.

Among the main exporting countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The level of export peaked at $X per ton in 2013; however, from 2014 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 Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Paper And Paperboard Imports

Imports in ECOWAS

In 2022, supplies from abroad of paper and paperboard decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, paper and paperboard imports expanded significantly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of paper and paperboard, creating X% of total imports. Ghana (X tons) held the second position in the ranking, followed by Cote d'Ivoire (X tons) and Senegal (X tons). All these countries together held approx. X% share of total imports. The following importers - Benin (X tons) and Burkina Faso (X tons) - each accounted for a X% share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of paper and paperboard. At the same time, Cote d'Ivoire (X%), Ghana (X%), Benin (X%), Burkina Faso (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported paper and paperboard in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, paper and paperboard 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: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform