ECOWAS: Cotton Linters Market 2024

Cotton Linters Market Size in ECOWAS

The ECOWAS cotton linters market stood at $X in 2023, remaining relatively unchanged against the previous year. In general, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Cotton Linters Production in ECOWAS

In value terms, cotton linters production stood at $X in 2023 estimated in export price. Over the period under review, production saw a moderate increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Cotton Linters Exports

Exports in ECOWAS

In 2023, exports of cotton linters in ECOWAS soared to X tons, growing by X% on the previous year. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, cotton linters exports soared to $X in 2023. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Ghana dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. Cote d'Ivoire (X tons) held a little share of total exports.

Ghana was also the fastest-growing in terms of the cotton linters exports, with a CAGR of X% from 2012 to 2023. Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana increased by X percentage points.

In value terms, Ghana ($X) remains the largest cotton linters supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

In Ghana, cotton linters exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Cote d'Ivoire stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Cotton Linters Imports

Imports in ECOWAS

In 2023, approx. X tons of cotton linters were imported in ECOWAS; shrinking by X% against 2022 figures. In general, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, cotton linters imports dropped remarkably to $X in 2023. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2023. Gambia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Niger (X%), Ghana (X%) and Togo (X%). Senegal (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to cotton linters imports into Nigeria stood at X%. At the same time, Ghana (X%), Togo (X%) and Niger (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. Gambia experienced a relatively flat trend pattern. By contrast, Senegal (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Nigeria (X p.p.), Togo (X p.p.) and Niger (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Senegal (X p.p.) and Gambia (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported cotton linters in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Gambia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Gambia (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Senegal ($X per ton), while Niger ($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.

Source: IndexBox Platform