ECOWAS: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in ECOWAS

The ECOWAS self-adhesive printed label market contracted modestly to $X in 2022, shrinking by -4% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted slightly in the following year.

Self-Adhesive Printed Label Production in ECOWAS

In value terms, self-adhesive printed label production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Self-Adhesive Printed Label Exports

Exports in ECOWAS

In 2022, exports of self-adhesive printed labels in ECOWAS rose significantly to X tons, surging by 6.1% against the previous year's figure. In general, exports posted a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of 79%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, self-adhesive printed label exports totaled $X in 2022. Overall, exports enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2020 with an increase of 69% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Senegal (X tons) and Ghana (X tons) represented the key exporters of self-adhesive printed labels in ECOWAS, together reaching approx. 81% of total exports. Cote d'Ivoire (X tons) held the next position in the ranking, distantly followed by Togo (X tons). All these countries together took approx. 17% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of +21.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Ghana ($X), Senegal ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 94% of total exports.

Ghana, with a CAGR of +30.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, reducing by -4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2013 when the export price increased by 29%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 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 Ghana (+7.4%), while the other leaders experienced mixed trends in the export price figures.

Self-Adhesive Printed Label Imports

Imports in ECOWAS

In 2022, supplies from abroad of self-adhesive printed labels decreased by -26.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a perceptible slump. The pace of growth was the most pronounced in 2020 when imports increased by 40% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, self-adhesive printed label imports declined notably to $X in 2022. Over the period under review, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Togo (X tons) and Ghana (X tons) represented roughly 49% of total imports in 2022. Cote d'Ivoire (X tons) ranks next in terms of the total imports with a 10% share, followed by Benin (8.7%), Nigeria (7.7%), Burkina Faso (6%), Senegal (4.8%) and Guinea (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Benin (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Togo ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined 54% share of total imports. Benin, Burkina Faso, Nigeria, Guinea and Senegal lagged somewhat behind, together comprising a further 34%.

Benin, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 18%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform