Western Africa: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Western Africa

In 2021, the West African walking-sticks and whips market increased by 19% to $X for the first time since 2017, thus ending a three-year declining trend. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Walking-Sticks And Whips Production in Western Africa

In value terms, walking-sticks and whips production amounted to $X in 2021 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 102%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Walking-Sticks And Whips Exports

Exports in Western Africa

In 2021, overseas shipments of walking-sticks, seat-sticks, whips and riding-crops increased by 202% to X kg, rising for the third consecutive year after three years of decline. Overall, exports, however, saw a drastic downturn. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, walking-sticks and whips exports surged to $X in 2021. In general, exports, however, recorded a precipitous descent. The pace of growth was the most pronounced in 2015 with an increase of 250%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Nigeria (X kg) represented the key exporter of walking-sticks, seat-sticks, whips and riding-crops, creating 55% of total exports. Cote d'Ivoire (X kg) took the second position in the ranking, followed by Ghana (X kg). All these countries together held approx. 40% share of total exports. The following exporters - Cabo Verde (X kg) and Liberia (X kg) - together made up 4.8% of total exports.

Nigeria was also the fastest-growing in terms of the walking-sticks, seat-sticks, whips and riding-crops exports, with a CAGR of +66.7% from 2012 to 2021. At the same time, Cote d'Ivoire (+57.0%) and Liberia (+34.8%) displayed positive paces of growth. By contrast, Cabo Verde (-3.3%) and Ghana (-31.3%) illustrated a downward trend over the same period. While the share of Nigeria (+55 p.p.), Cote d'Ivoire (+21 p.p.), Liberia (+2.2 p.p.) and Cabo Verde (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ghana (-79.7 p.p.) displayed negative dynamics.

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

Among the main exporting countries, Nigeria, with a CAGR of +70.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, shrinking by -22% against the previous year. Overall, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2015 an increase of 47%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Liberia ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Liberia (+9.4%), while the other leaders experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports in Western Africa

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops imported in Western Africa soared to X tons, rising by 97% compared with the previous year. Overall, imports showed temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, walking-sticks and whips imports soared to $X in 2021. In general, imports saw a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of 37%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented roughly 63% of total imports in 2021. It was distantly followed by Benin (X tons) and Senegal (X tons), together committing a 24% share of total imports. The following importers - Togo (X tons), Cote d'Ivoire (X tons) and Mauritania (X tons) - together made up 8.6% of total imports.

From 2012 to 2021, the biggest increases were in Senegal (with a CAGR of +52.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Nigeria ($X) and Senegal ($X) were the countries with the highest levels of imports in 2021, with a combined 78% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of +45.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, waning by -32.5% against the previous year. In general, the import price recorded a mild contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by 41%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+6.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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