ECOWAS: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in ECOWAS

The ECOWAS copper sanitary ware market fell slightly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a noticeable 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 increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Copper Sanitary Ware Production in ECOWAS

In value terms, copper sanitary ware production declined to $X in 2022 estimated in export price. The total production indicated notable growth 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Copper Sanitary Ware Exports

Exports in ECOWAS

After two years of growth, shipments abroad of sanitary ware and parts of copper decreased by X% to X kg in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, copper sanitary ware exports declined markedly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Senegal was the key exporter of sanitary ware and parts of copper in ECOWAS, with the volume of exports resulting at X kg, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X kg), mixing up a X% share of total exports.

Senegal was also the fastest-growing in terms of the sanitary ware and parts of copper exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. From 2012 to 2022, the share of Senegal increased by X percentage points.

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

In Senegal, copper sanitary ware exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 Senegal ($X per ton), while Cote d'Ivoire stood at $X per ton.

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

Copper Sanitary Ware Imports

Imports in ECOWAS

In 2022, supplies from abroad of sanitary ware and parts of copper increased by X% to X tons, rising for the fifth consecutive year after three years of decline. In general, imports posted a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, copper sanitary ware imports fell to $X in 2022. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Nigeria was the main importing country with an import of around X tons, which amounted to X% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Senegal (X tons) and Cote d'Ivoire (X tons). All these countries together took near X% share of total imports. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to copper sanitary ware imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Nigeria (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Ghana, copper sanitary ware imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price showed a noticeable reduction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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