ECOWAS: Market for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) 2024

Market Size for Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in ECOWAS

The ECOWAS market for particle board and similar board of ligneous materials (excluding wood) shrank to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, recorded a slight downturn. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood) in ECOWAS

In value terms, production of particle board and similar board of ligneous materials (excluding wood) reduced modestly to $X in 2022 estimated in export price. In general, production, however, saw a perceptible reduction. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Exports in ECOWAS

In 2022, shipments abroad of particle board and similar board of ligneous materials (excluding wood) decreased by X% to X cubic meters, falling for the fourth consecutive year after two years of growth. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of particle board and similar board of ligneous materials (excluding wood) soared to $X in 2022. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Cote d'Ivoire (X cubic meters), Ghana (X cubic meters) and Nigeria (X cubic meters) represented roughly X% of total exports in 2022. Togo (X cubic meters) took the next position in the ranking, followed by Senegal (X cubic meters) and Burkina Faso (X cubic meters). All these countries together held approx. X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Burkina Faso ($X) emerged as the largest board of bagasse, bamboo or other particles supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Burkina Faso stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per cubic meter in 2022, picking up by X% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per cubic meter), while Ghana ($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 Burkina Faso (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Particle Board And Similar Board Of Ligneous Materials (Excluding Wood)

Imports in ECOWAS

In 2022, approx. X cubic meters of particle board and similar board of ligneous materials (excluding wood) were imported in ECOWAS; waning by X% on 2021 figures. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X cubic meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of particle board and similar board of ligneous materials (excluding wood) dropped significantly to $X in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Senegal was the major importing country with an import of about X cubic meters, which resulted at X% of total imports. Nigeria (X cubic meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%), Ghana (X%) and Sierra Leone (X%). Cabo Verde (X cubic meters) took a relatively small share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Ghana (X%), Guinea (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Ghana (X p.p.), Sierra Leone (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported particle board and similar board of ligneous materials (excluding wood) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per cubic meter, surging by X% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for particle board and similar board of ligneous materials (excluding wood) increased by X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per cubic meter), while Senegal ($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 Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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