Western Africa: Hand-Woven Tapestry Market 2024

Hand-Woven Tapestry Market Size in Western Africa

After eight years of decline, the West African hand-woven tapestry market increased by 15% to $X in 2021. Over the period under review, consumption, however, continues to indicate a abrupt curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Hand-Woven Tapestry Production in Western Africa

In value terms, hand-woven tapestry production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep contraction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Hand-Woven Tapestry Exports

Exports in Western Africa

In 2021, overseas shipments of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,807%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, hand-woven tapestry exports totaled $X in 2021. Over the period under review, exports continue to indicate a notable expansion. The growth pace was the most rapid in 2013 when exports increased by 68%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Ghana (X kg) represented the major exporter of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, committing 48% of total exports. Niger (X kg) held a 27% share (based on physical terms) of total exports, which put it in second place, followed by Mali (11%) and Benin (7.6%). The following exporters - Senegal (X kg) and Cote d'Ivoire (X kg) - together made up 6.4% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mali (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the largest hand-woven tapestry supplier in Western Africa, comprising 63% of total exports. The second position in the ranking was held by Mali ($X), with an 18% share of total exports. It was followed by Senegal, with a 13% share.

In Ghana, hand-woven tapestry exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+23.0% per year) and Senegal (+16.4% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, dropping by -41.6% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 310% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+16.2%), while the other leaders experienced a decline in the export price figures.

Hand-Woven Tapestry Imports

Imports in Western Africa

In 2021, the amount of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais imported in Western Africa skyrocketed to X tons, jumping by 717% against 2020. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand-woven tapestry imports surged to $X in 2021. Over the period under review, imports recorded perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Senegal represented the major importing country with an import of around X tons, which reached 78% of total imports. It was distantly followed by Cote d'Ivoire (X tons), achieving a 15% share of total imports. The following importers - Gambia (X tons) and Burkina Faso (X tons) - each resulted at a 4.6% share of total imports.

Senegal was also the fastest-growing in terms of the hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais imports, with a CAGR of +52.6% from 2012 to 2021. At the same time, Burkina Faso (+5.5%) displayed positive paces of growth. By contrast, Gambia (-6.8%) and Cote d'Ivoire (-8.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Senegal increased by +75 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais in Western Africa, comprising 66% of total imports. The second position in the ranking was held by Burkina Faso ($X), with a 15% share of total imports. It was followed by Cote d'Ivoire, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Senegal stood at +46.9%. In the other countries, the average annual rates were as follows: Burkina Faso (+5.5% per year) and Cote d'Ivoire (-12.3% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, declining by -65.7% against the previous year. In general, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2016 an increase of 124% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the 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 Burkina Faso ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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