ECOWAS: Market for Pulp From Fibres Other Than Wood 2025

Market Size for Pulp From Fibres Other Than Wood in ECOWAS

In 2022, the ECOWAS market for pulp from fibres other than wood decreased by -6% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Pulp From Fibres Other Than Wood in ECOWAS

In value terms, production of pulp from fibres other than wood rose slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 48,334% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Pulp From Fibres Other Than Wood

Exports in ECOWAS

After two years of decline, shipments abroad of pulp from fibres other than wood decreased by -26.4% to X kg in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,400%. Over the period under review, the exports of hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of pulp from fibres other than wood contracted rapidly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 143,373%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

In 2022, Ghana (X kg) represented the key exporter of pulp from fibres other than wood in ECOWAS, committing 100% of total export.

Ghana was also the fastest-growing in terms of the pulp from fibres other than wood exports, with a CAGR of +27.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to -8.9%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, dropping by -79.3% against the previous year. Overall, the export price recorded a sharp contraction. The growth pace was the most rapid in 2018 an increase of 210% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to -28.3% per year.

Imports of Pulp From Fibres Other Than Wood

Imports in ECOWAS

In 2022, supplies from abroad of pulp from fibres other than wood increased by 2.7% to X tons, rising for the eighth consecutive year after two years of decline. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of 189%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of pulp from fibres other than wood shrank notably to $X in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 199%. Over the period under review, imports of hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Nigeria was the major importing country with an import of about X tons, which finished at 61% of total imports. Guinea (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Togo (16%). Gambia (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +38.8% from 2012 to 2022. At the same time, Guinea (+42.5%) and Gambia (+14.1%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +42.5% from 2012-2022. By contrast, Togo (-1.9%) illustrated a downward trend over the same period. While the share of Nigeria (+51 p.p.) and Guinea (+21 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Togo (-68.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported pulp from fibres other than wood in ECOWAS, comprising 89% of total imports. The second position in the ranking was taken by Guinea ($X), with a 6.8% share of total imports. It was followed by Gambia, with a 2.6% share.

In Nigeria, imports of pulp from fibres other than wood expanded at an average annual rate of +34.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guinea (+39.4% per year) and Gambia (+44.2% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, dropping by -21.8% against the previous year. In general, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 81% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 Nigeria ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gambia (+26.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform