ECOWAS: Paper File Cover Market 2024

Paper File Cover Market Size in ECOWAS

The ECOWAS paper file cover market surged to $X in 2022, rising by 50% against the previous year. Over the period under review, consumption continues to indicate resilient growth. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Paper File Cover Production in ECOWAS

In value terms, paper file cover production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 71%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Paper File Cover Exports

Exports in ECOWAS

For the third year in a row, ECOWAS recorded decline in overseas shipments of paper binders, folders and file covers, which decreased by -25.7% to X tons in 2022. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 92%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, paper file cover exports fell notably to $X in 2022. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Togo dominates exports structure, resulting at X tons, which was near 95% of total exports in 2022. Benin (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to paper file cover exports from Togo stood at -3.5%. At the same time, Benin (+38.0%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +38.0% from 2012-2022. From 2012 to 2022, the share of Togo and Benin increased by +18 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest paper file cover supplier in ECOWAS, comprising 80% of total exports. The second position in the ranking was held by Benin ($X), with a 2.4% share of total exports.

In Togo, paper file cover exports shrank by an average annual rate of -9.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, reducing by -7.8% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained 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 Benin ($X per ton), while Togo amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (-2.0%).

Paper File Cover Imports

Imports in ECOWAS

In 2022, paper file cover imports in ECOWAS surged to X tons, jumping by 36% on the previous year's figure. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 274%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, paper file cover imports soared to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 162% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates imports structure, accounting for X tons, which was approx. 80% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), making up a 7% share of total imports. The following importers - Togo (X tons), Ghana (X tons), Benin (X tons), Burkina Faso (X tons) and Senegal (X tons) - each resulted at a 9.4% share of total imports.

Nigeria was also the fastest-growing in terms of the paper binders, folders and file covers imports, with a CAGR of +34.4% from 2012 to 2022. At the same time, Ghana (+2.2%) and Cote d'Ivoire (+1.4%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. By contrast, Burkina Faso (-1.8%), Togo (-2.6%) and Benin (-3.1%) illustrated a downward trend over the same period. Nigeria (+63 p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Senegal, Burkina Faso, Benin, Togo and Cote d'Ivoire saw its share reduced by -4.7%, -5.5%, -7%, -8.4%, -9.2% and -17.9% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported paper binders, folders and file covers in ECOWAS, comprising 78% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 9.6% share of total imports. It was followed by Ghana, with a 3.1% share.

In Nigeria, paper file cover imports increased at an average annual rate of +45.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+1.0% per year) and Ghana (+6.2% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, rising by 25% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 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 Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform