ECOWAS: Ceramic Tile Market 2024

Ceramic Tile Market Size in ECOWAS

The ECOWAS ceramic tile market contracted to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Ceramic Tile Production in ECOWAS

In value terms, ceramic tile production fell to $X in 2022 estimated in export price. In general, production showed significant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Ceramic Tile Exports

Exports in ECOWAS

Ceramic tile exports surged to X square meters in 2022, picking up by X% on the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ceramic tile exports soared to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana prevails in exports structure, resulting at X square meters, which was near X% of total exports in 2022. Nigeria (X square meters) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the ceramic tiles exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. While the share of Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest ceramic tile supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Ghana, ceramic tile exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per square meter, declining by X% against the previous year. Over the period under review, the export price showed a perceptible contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per square meter in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Nigeria amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Ceramic Tile Imports

Imports in ECOWAS

Ceramic tile imports rose slightly to X square meters in 2022, growing by X% against 2021 figures. In general, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ceramic tile imports totaled $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Senegal (X square meters), Cote d'Ivoire (X square meters), Nigeria (X square meters) and Ghana (X square meters) represented roughly X% of total imports in 2022. Guinea (X square meters) held the next position in the ranking, followed by Togo (X square meters) and Benin (X square meters). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic tile importing markets in ECOWAS were Nigeria ($X), Senegal ($X) and Ghana ($X), with a combined X% share of total imports. Cote d'Ivoire, Guinea, Benin and Togo lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Togo, with a CAGR of X%, 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 square meter in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2015 to 2022, the import prices failed to regain momentum.

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 ($X per square meter), while Togo ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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