ECOWAS: Market for Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) 2024

Market Size for Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) in ECOWAS

The ECOWAS market for float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) rose rapidly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption posted a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) in ECOWAS

In value terms, production of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) expanded rapidly to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass)

Exports in ECOWAS

Exports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) surged to X square meters in 2022, increasing by X% compared with the previous year. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) surged to $X in 2022. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Nigeria dominates glass) structure, resulting at X square meters, which was near X% of total exports in 2022. Ghana (X square meters) took a little share of total exports.

Nigeria was also the fastest-growing in terms of the float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%.

Export Prices by Country

The export price in ECOWAS stood at $X per square meter in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

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

Imports of Float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass)

Imports in ECOWAS

In 2022, imports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) in ECOWAS surged to X square meters, rising by X% compared with 2021. Over the period under review, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) rose significantly to $X in 2022. Overall, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X square meters), distantly followed by Cote d'Ivoire (X square meters), Gambia (X square meters), Guinea (X square meters), Sierra Leone (X square meters), Burkina Faso (X square meters) and Benin (X square meters) were the main importers of float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass), together constituting X% of total imports. Senegal (X square meters) followed a long way behind the leaders.

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

In value terms, the largest float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) importing markets in ECOWAS were Ghana ($X), Gambia ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports.

Gambia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per square meter, shrinking by X% against the previous year. Import price indicated a moderate 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 float glass and surface ground or polished glass, in sheets, having an absorbent, reflecting or non-reflecting layer, but not otherwise worked (excluding wired glass) increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per square meter, and then declined in the following year.

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

Source: IndexBox Platform

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