Western Africa: Market for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates 2024

Market Size for Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Western Africa

The West African market for snow-skis and other snow-ski equipment, ice-skates and roller-skates amounted to $X in 2021, growing by 2.1% against the previous year. Overall, consumption, however, saw a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates in Western Africa

In value terms, production of snow-skis and other snow-ski equipment, ice-skates and roller-skates rose modestly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 37%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Exports in Western Africa

In 2021, overseas shipments of snow-skis and other snow-ski equipment, ice-skates and roller-skates were finally on the rise to reach X tons after two years of decline. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 173% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 153%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Senegal was the largest exporting country with an export of about X tons, which amounted to 45% of total exports. Sierra Leone (X kg) took the second position in the ranking, distantly followed by Cote d'Ivoire (X kg) and Nigeria (X kg). All these countries together held near 47% share of total exports. The following exporters - Burkina Faso (X kg) and Liberia (X kg) - together made up 6.5% 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 Senegal (with a CAGR of +79.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest skis and its equipment and skates supplying countries in Western Africa were Senegal ($X), Sierra Leone ($X) and Cote d'Ivoire ($X), together comprising 88% of total exports.

Senegal, with a CAGR of +124.3%, recorded the highest growth rate of 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

The export price in Western Africa stood at $X per ton in 2021, with an increase of 3.6% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for snow-skis and other snow-ski equipment, ice-skates and roller-skates increased by +120.3% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 105%. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+24.8%), while the other leaders experienced more modest paces of growth.

Imports of Snow-Skis And Other Snow-Ski Equipment, Ice-Skates And Roller-Skates

Imports in Western Africa

In 2021, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates in Western Africa skyrocketed to X tons, rising by 80% against the previous year's figure. In general, imports, however, recorded a deep downturn. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of snow-skis and other snow-ski equipment, ice-skates and roller-skates surged to $X in 2021. Over the period under review, imports, however, showed a precipitous curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Senegal (X tons) represented the major importer of snow-skis and other snow-ski equipment, ice-skates and roller-skates, mixing up 52% of total imports. Cote d'Ivoire (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (12%) and Nigeria (9.4%). Benin (X tons), Togo (X tons) and Mali (X tons) took a little share of total imports.

Senegal was also the fastest-growing in terms of the snow-skis and other snow-ski equipment, ice-skates and roller-skates imports, with a CAGR of +34.0% from 2012 to 2021. At the same time, Cote d'Ivoire (+16.5%), Nigeria (+15.1%), Mali (+7.0%) and Ghana (+5.2%) displayed positive paces of growth. By contrast, Benin (-26.9%) and Togo (-46.0%) illustrated a downward trend over the same period. While the share of Senegal (+52 p.p.), Cote d'Ivoire (+13 p.p.), Ghana (+11 p.p.), Nigeria (+9 p.p.) and Mali (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Benin (-5.8 p.p.) and Togo (-81.4 p.p.) displayed negative dynamics.

In value terms, Senegal ($X), Nigeria ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2021, together comprising 70% of total imports.

Senegal, with a CAGR of +32.5%, 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 Western Africa stood at $X per ton in 2021, dropping by -30% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 28% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mali ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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