ECOWAS: Safety Glass Market 2024

Safety Glass Market Size in ECOWAS

In 2022, the ECOWAS safety glass market decreased by X% to $X, falling for the second consecutive year after five years of growth. The total consumption indicated a notable expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Safety Glass Production in ECOWAS

In value terms, safety glass production expanded to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Safety Glass Exports

Exports in ECOWAS

Safety glass exports skyrocketed to X square meters in 2022, picking up by X% compared with the year before. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, safety glass exports rose sharply to $X in 2022. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Nigeria dominates exports structure, amounting to X square meters, which was approx. X% of total exports in 2022. Ghana (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the safety glass exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

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

In Nigeria, safety glass exports expanded 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 abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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%).

Safety Glass Imports

Imports in ECOWAS

In 2022, the amount of safety glass imported in ECOWAS was estimated at X square meters, increasing by X% compared with the year before. Total imports indicated a moderate increase from 2012 to 2022: its volume 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X square meters. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, safety glass imports fell to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Senegal (X square meters), Nigeria (X square meters) and Ghana (X square meters) represented roughly X% of total imports in 2022. Benin (X square meters) ranks next in terms of the total imports with a X% share, followed by Cote d'Ivoire (X%). Togo (X square meters) and Guinea (X square meters) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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 safety glass importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Benin ($X), together accounting for X% of total imports.

Among the main importing countries, Benin, with a CAGR of X%, saw the highest growth rate of 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, shrinking by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per square meter in 2015; however, from 2016 to 2022, 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 Guinea ($X per square meter), while Senegal ($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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