Western Africa: Drawing Board Market 2024

Drawing Board Market Size in Western Africa

For the third consecutive year, the West African drawing board market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption enjoyed strong growth. The level of consumption peaked in 2023 and is likely to see steady growth in the near future.

Drawing Board Production in Western Africa

In value terms, drawing board production amounted to $X in 2023 estimated in export price. The total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Drawing Board Exports

Exports in Western Africa

For the third consecutive year, Western Africa recorded decline in overseas shipments of slates and boards with writing or drawing surfaces, which decreased by X% to X units in 2023. In general, exports saw a precipitous decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, drawing board exports reduced rapidly to $X in 2023. Overall, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Sierra Leone (X units) and Ghana (X units) were the major exporters of slates and boards with writing or drawing surfaces in 2023, recording approx. X% and X% of total exports, respectively. Senegal (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Gambia (X%) and Cote d'Ivoire (X%).

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

In value terms, Senegal ($X), Sierra Leone ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Sierra Leone, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2023, waning by X% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2022, and then fell in the following year.

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 Senegal ($X per unit), while Sierra Leone ($X per unit) 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.

Drawing Board Imports

Imports in Western Africa

In 2023, purchases abroad of slates and boards with writing or drawing surfaces increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, drawing board imports skyrocketed to $X in 2023. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Nigeria dominates imports structure, amounting to X units, which was near X% of total imports in 2023. Cote d'Ivoire (X units) ranks second in terms of the total imports with a X% share, followed by Senegal (X%) and Ghana (X%). The following importers - Guinea (X units), Burkina Faso (X units) and Benin (X units) - together made up X% of total imports.

Nigeria was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces imports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%), Guinea (X%), Benin (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Burkina Faso (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana, Cote d'Ivoire and Burkina Faso saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported slates and boards with writing or drawing surfaces in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Guinea (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform