Western Africa: Handmade Paper Market 2024

Handmade Paper Market Size in Western Africa

The West African handmade paper market reduced to $X in 2021, dropping by -12.9% against the previous year. In general, consumption, however, showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Handmade Paper Production in Western Africa

In value terms, handmade paper production shrank to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted in the following year.

Handmade Paper Exports

Exports in Western Africa

In 2021, shipments abroad of handmade paper and paperboard decreased by -53% to X tons, falling for the sixth consecutive year after four years of growth. Over the period under review, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 419% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, handmade paper exports declined dramatically to $X in 2021. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 211%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire was the major exporting country with an export of about X tons, which reached 62% of total exports. It was distantly followed by Nigeria (X tons), achieving a 32% share of total exports. Senegal (X kg) took a little 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 Cote d'Ivoire (with a CAGR of +9.9%), while the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of -5.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, falling by -2.3% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 49% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (+13.0%), while the other leaders experienced a decline in the export price figures.

Handmade Paper Imports

Imports in Western Africa

In 2021, imports of handmade paper and paperboard in Western Africa surged to X tons, with an increase of 227% against the previous year. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, handmade paper imports soared to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Burkina Faso represented the largest importer of handmade paper and paperboard in Western Africa, with the volume of imports reaching X tons, which was near 75% of total imports in 2021. Nigeria (X tons) held the second position in the ranking, distantly followed by Sierra Leone (X tons). All these countries together took near 19% share of total imports. The following importers - Ghana (X tons) and Senegal (X tons) - each amounted to a 3.5% share of total imports.

Imports into Burkina Faso increased at an average annual rate of +45.3% from 2012 to 2021. At the same time, Ghana (+56.1%), Sierra Leone (+32.6%) and Nigeria (+7.0%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +56.1% from 2012-2021. By contrast, Senegal (-1.3%) illustrated a downward trend over the same period. While the share of Burkina Faso (+60 p.p.), Sierra Leone (+3 p.p.) and Ghana (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Senegal (-8.6 p.p.) and Nigeria (-28 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported handmade paper and paperboard in Western Africa, comprising 58% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a 17% share of total imports. It was followed by Senegal, with a 10% share.

In Nigeria, handmade paper imports increased at an average annual rate of +22.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Burkina Faso (+41.1% per year) and Senegal (+1.3% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, declining by -13.4% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+14.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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