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Report ECOWAS - Hardboard - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

ECOWAS - Hardboard - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Hardboard Market 2024

Hardboard Market Size in ECOWAS

The ECOWAS hardboard market surged to $X in 2022, picking up by 16% against the previous year. In general, consumption, however, posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Hardboard Production in ECOWAS

In value terms, hardboard production amounted to $X in 2022 estimated in export price. Overall, production showed pronounced growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 210,689%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Hardboard Exports

Exports in ECOWAS

In 2022, shipments abroad of hardboard decreased by -40% to X cubic meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2015 with an increase of 491,329%. As a result, the exports reached the peak of X cubic meters. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hardboard exports dropped sharply to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 373,008%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Cote d'Ivoire (X cubic meters), together resulting at 100% of total export.

Cote d'Ivoire was also the fastest-growing in terms of the hardboard exports, with a CAGR of -2.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest hardboard supplier in ECOWAS.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire was relatively modest.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per cubic meter, surging by 9.5% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hardboard export price decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 123%. As a result, the export price reached the peak level of $X per cubic meter. From 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to +2.3% per year.

Hardboard Imports

Imports in ECOWAS

In 2022, after three years of growth, there was decline in purchases abroad of hardboard, when their volume decreased by -4.8% to X cubic meters. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 56% against the previous year. The volume of import peaked at X cubic meters in 2021, and then contracted modestly in the following year.

In value terms, hardboard imports soared to $X in 2022. In general, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 59%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Sierra Leone (X cubic meters) and Nigeria (X cubic meters) were the key importers of hardboard in 2022, recording near 31% and 29% of total imports, respectively. Guinea (X cubic meters) held the next position in the ranking, distantly followed by Cabo Verde (X cubic meters) and Gambia (X cubic meters). All these countries together held approx. 32% share of total imports. Benin (X cubic meters) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cabo Verde (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Sierra Leone ($X) and Guinea ($X) were the countries with the highest levels of imports in 2022, with a combined 79% share of total imports. Cabo Verde, Gambia and Benin lagged somewhat behind, together comprising a further 16%.

In terms of the main importing countries, Cabo Verde, with a CAGR of +19.3%, saw the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per cubic meter in 2022, surging by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per cubic meter), while Benin ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of consumption in 2022 were Sierra Leone, Nigeria and Guinea, with a combined 76% share of total consumption. These countries were followed by Cabo Verde, Gambia and Benin, which together accounted for a further 19%.
Cote d'Ivoire remains the largest hardboard producing country in ECOWAS, comprising approx. 100% of total volume.
In value terms, Cote d'Ivoire remains the largest hardboard supplier in ECOWAS.
In value terms, the largest hardboard importing markets in ECOWAS were Nigeria, Sierra Leone and Guinea, together comprising 79% of total imports. These countries were followed by Cabo Verde, Gambia and Benin, which together accounted for a further 16%.
In 2022, the export price in ECOWAS amounted to $910 per cubic meter, surging by 9.5% against the previous year.
In 2022, the import price in ECOWAS amounted to $579 per cubic meter, rising by 24% against the previous year.

This report provides an in-depth analysis of the hardboard market in ECOWAS. 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 1647 - Hardboard

Country coverage:

  • Benin
  • Burkina Faso
  • Cabo Verde
  • Cote d'Ivoire
  • Gambia
  • Ghana
  • Guinea
  • Guinea-Bissau
  • Liberia
  • Mali
  • Niger
  • Nigeria
  • Senegal
  • Sierra Leone
  • Togo

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in ECOWAS, split by region and country
  • Trade (exports and imports) in ECOWAS
  • 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. TOP EXPORTING COUNTRIES
    4. 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

  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
    • Niger
    • Nigeria
    • 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. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. 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. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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