ECOWAS: Wallpaper Market 2024

Wallpaper Market Size in ECOWAS

The ECOWAS wallpaper market contracted slightly to $X in 2023, therefore, remained relatively stable against the previous year. In general, consumption showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Wallpaper Production in ECOWAS

In value terms, wallpaper production stood at $X in 2023 estimated in export price. Overall, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Wallpaper Exports

Exports in ECOWAS

After four years of decline, shipments abroad of wallpaper and wall coverings increased by X% to X tons in 2023. Overall, exports, however, faced a sharp setback. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, wallpaper exports skyrocketed to $X in 2023. Over the period under review, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Ghana was the main exporting country with an export of around X tons, which amounted to X% of total exports. Senegal (X kg) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%) and Niger (X%). The following exporters - Cote d'Ivoire (X kg) and Guinea (X kg) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Nigeria ($X), Ghana ($X) and Niger ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 ECOWAS stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the export price, however, posted significant growth. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, 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.

Wallpaper Imports

Imports in ECOWAS

In 2023, purchases abroad of wallpaper and wall coverings decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, wallpaper imports shrank to $X in 2023. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

Nigeria represented the main importer of wallpaper and wall coverings in ECOWAS, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Ghana (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%) and Togo (X%). Burkina Faso (X tons), Senegal (X tons) and Liberia (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to wallpaper imports into Nigeria stood at X%. At the same time, Burkina Faso (X%), Liberia (X%), Ghana (X%), Senegal (X%), Cote d'Ivoire (X%) and Togo (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. While the share of Ghana (X p.p.), Nigeria (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Cote d'Ivoire (X p.p.) and Togo (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported wallpaper and wall coverings in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Togo, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Togo (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform