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Report Western Africa - Silk-Worm Cocoons - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Silk-Worm Cocoons - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Silk-Worm Cocoons Market 2024

Silk-Worm Cocoons Market Size in Western Africa

In 2022, the West African silk-worm cocoons market decreased by 0% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption saw a perceptible expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Silk-Worm Cocoons Production in Western Africa

In value terms, silk-worm cocoons production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Gambia (X tons) and Senegal (X kg), together comprising 99% of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Gambia (with a CAGR of +36.8%), while production for the other leaders experienced more modest paces of growth.

Silk-Worm Cocoons Exports

Exports in Western Africa

In 2019, after two years of decline, there was significant decline in shipments abroad of silk-worm cocoons (reelable), when their volume decreased by -60% to X kg. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X kg. From 2017 to 2019, the growth of the exports remained at a lower figure.

In value terms, silk-worm cocoons exports soared to $X in 2019. Over the period under review, exports, however, posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2019, Nigeria (X kg) represented the largest exporter of silk-worm cocoons (reelable) in Western Africa, constituting 100% of total export.

Nigeria was also the fastest-growing in terms of the silk-worm cocoons (reelable) exports, with a CAGR of -41.4% from 2015 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest silk-worm cocoons supplier in Western Africa.

From 2015 to 2019, the average annual rate of growth in terms of value in Nigeria amounted to +40.0%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2019, growing by 331% against the previous year. In general, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 685% against the previous year. The level of export peaked at $X per ton in 2018, and then surged in the following year.

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

From 2015 to 2019, the rate of growth in terms of prices for Nigeria amounted to +139.1% per year.

Silk-Worm Cocoons Imports

Imports in Western Africa

In 2022, the amount of silk-worm cocoons (reelable) imported in Western Africa skyrocketed to X kg, with an increase of 204% against 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 1,624% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, silk-worm cocoons imports contracted sharply to $X in 2022. Over the period under review, imports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2014 when imports increased by 957% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X kg) represented roughly 100% of total imports in 2022.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of silk-worm cocoons (reelable). From 2012 to 2022, the share of Nigeria increased by +3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported silk-worm cocoons (reelable) in Western Africa.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to -2.2%.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, reducing by -74% against the previous year. In general, the import price recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 an increase of 1,856%. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to -2.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Nigeria remains the largest silk-worm cocoons consuming country in Western Africa, accounting for 100% of total volume.
China remains the largest silk-worm cocoons producing country in Western Africa, comprising approx. 321,739,130% of total volume. Moreover, silk-worm cocoons production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Uzbekistan, with a 21,749,565% share.
In value terms, Nigeria $92) remains the largest silk-worm cocoons supplier in Western Africa.
In value terms, Nigeria constitutes the largest market for imported silk-worm cocoons reelable) in Western Africa.
The silk-worm cocoons export price in Western Africa stood at $46,000 per ton in 2021, which is down by -45.2% against the previous year.
The silk-worm cocoons import price in Western Africa stood at $31,054 per ton in 2021, with an increase of 885% against the previous year.

This report provides an in-depth analysis of the silk-worm cocoons market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 1185 - Cocoons, reelable

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Mauritania
  • Niger
  • Nigeria
  • Saint Helena, Ascension and Tristan da Cunha
  • Senegal
  • Sierra Leone
  • Togo
  • Cote d'Ivoire

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Western Africa, split by region and country
  • Trade (exports and imports) in Western Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Benin
    • Burkina Faso
    • Cabo Verde
    • Gambia
    • Ghana
    • Guinea
    • Guinea-Bissau
    • Liberia
    • Mali
    • Mauritania
    • Niger
    • Nigeria
    • Saint Helena, Ascension and Tristan da Cunha
    • Senegal
    • Sierra Leone
    • Togo
    • Cote d'Ivoire

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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