ECOWAS: Market for Table Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Table Linen Of Knitted Or Crocheted Textiles in ECOWAS

The ECOWAS market for table linen of knitted or crocheted textiles surged to $X in 2021, with an increase of 42% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Table Linen Of Knitted Or Crocheted Textiles in ECOWAS

In value terms, table linen of crocheted textile production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 127% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Table Linen Of Knitted Or Crocheted Textiles

Exports in ECOWAS

In 2021, overseas shipments of table linen of knitted or crocheted textiles increased by 19% to X kg, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 571% against the previous year. The volume of export peaked at X kg in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, table linen of crocheted textile exports dropped sharply to $X in 2021. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2016 when exports increased by 1,444% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mali (X kg) and Ghana (X kg) represented roughly 72% of total exports in 2021. It was distantly followed by Liberia (X kg) and Cote d'Ivoire (X kg), together committing a 27% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mali (with a CAGR of +50.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest table linen of crocheted textile supplying countries in ECOWAS were Mali ($X), Ghana ($X) and Liberia ($X), with a combined 92% share of total exports.

Liberia, with a CAGR of +143.2%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, waning by -52% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 160%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ghana ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Table Linen Of Knitted Or Crocheted Textiles

Imports in ECOWAS

In 2021, supplies from abroad of table linen of knitted or crocheted textiles decreased by -23.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 140%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, table linen of crocheted textile imports reduced to $X in 2021. In general, imports continue to indicate a significant curtailment. The growth pace was the most rapid in 2018 with an increase of 244% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Senegal was the major importing country with an import of about X tons, which amounted to 39% of total imports. Ghana (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (15%), Niger (8.9%) and Togo (5.4%). The following importers - Guinea (X kg) and Burkina Faso (X kg) - together made up 4.7% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of +27.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Niger ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 76% of total imports. Cote d'Ivoire, Guinea, Togo and Burkina Faso lagged somewhat behind, together comprising a further 17%.

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of +26.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, jumping by 20% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2015 when the import price increased by 69% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform