Western Africa: Market for Tanned or Dressed Furskins 2025

Market Size for Tanned or Dressed Furskins in Western Africa

In 2022, the West African tanned or dressed furskins market decreased by -14.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, saw a resilient expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Tanned or Dressed Furskins in Western Africa

In value terms, tanned or dressed furskins production fell modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Tanned or Dressed Furskins

Exports in Western Africa

In 2022, approx. X units of tanned or dressed furskins were exported in Western Africa; falling by -23.2% on 2021 figures. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 227%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports surged to $X in 2022. Overall, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 465%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal represented the main exporting country with an export of around X units, which finished at 51% of total exports. Nigeria (X units) took the second position in the ranking, distantly followed by Mali (X units) and Burkina Faso (X units). All these countries together held near 49% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +30.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) emerged as the largest tanned or dressed furskins supplier in Western Africa, comprising 53% of total exports. The second position in the ranking was held by Senegal ($X), with an 18% share of total exports. It was followed by Nigeria, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Burkina Faso totaled -35.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+21.3% per year) and Nigeria (-11.9% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, jumping by 182% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (-3.1%), while the other leaders experienced a decline in the export price figures.

Imports of Tanned or Dressed Furskins

Imports in Western Africa

After two years of growth, supplies from abroad of tanned or dressed furskins decreased by -30.9% to X units in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 236% against the previous year. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, tanned or dressed furskins imports dropped dramatically to $X in 2022. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2017 when imports increased by 76% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X units) was the largest importer of tanned or dressed furskins, making up 52% of total imports. Mauritania (X units) took the second position in the ranking, distantly followed by Senegal (X units). All these countries together took approx. 39% share of total imports. Nigeria (X units), Cabo Verde (X units) and Benin (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of +35.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mauritania ($X) constitutes the largest market for imported tanned or dressed furskins in Western Africa, comprising 59% of total imports. The second position in the ranking was held by Ghana ($X), with an 18% share of total imports. It was followed by Nigeria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mauritania stood at +33.9%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+12.7% per year) and Nigeria (+10.5% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, with an increase of 16% against the previous year. Overall, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2014 when the import price increased by 74% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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