ECOWAS: Market for Non-Refractory Ceramic Building Bricks 2024

Market Size for Non-Refractory Ceramic Building Bricks in ECOWAS

The ECOWAS non-refractory ceramic building bricks market declined slightly to $X in 2022, with a decrease of -1.7% against the previous year. The total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% 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 -5.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Non-Refractory Ceramic Building Bricks in ECOWAS

In value terms, non-refractory ceramic building bricks production dropped modestly to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -8.3% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Non-Refractory Ceramic Building Bricks

Exports in ECOWAS

In 2022, the amount of non-refractory ceramic building bricks exported in ECOWAS reduced notably to X units, which is down by -97% on 2021 figures. Over the period under review, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 1,825% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-refractory ceramic building bricks exports contracted significantly to $X in 2022. In general, exports recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 112%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ghana represented the major exporting country with an export of about X units, which accounted for 74% of total exports. It was distantly followed by Nigeria (X units), creating a 26% share of total exports.

Ghana was also the fastest-growing in terms of the non-refractory ceramic building bricks exports, with a CAGR of -25.4% from 2012 to 2022. Nigeria (-42.0%) illustrated a downward trend over the same period. While the share of Ghana (+55 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (-55.2 p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest non-refractory ceramic building bricks supplier in ECOWAS, comprising 84% of total exports. The second position in the ranking was held by Nigeria ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana totaled -23.6%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, growing by 815% against the previous year. Overall, the export price showed a pronounced expansion. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per unit), while Nigeria amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+2.4%).

Imports of Non-Refractory Ceramic Building Bricks

Imports in ECOWAS

In 2022, the amount of non-refractory ceramic building bricks imported in ECOWAS surged to X units, rising by 35% against 2021. Overall, imports posted a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 126%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-refractory ceramic building bricks imports amounted to $X in 2022. In general, imports recorded tangible growth. The pace of growth appeared the most rapid in 2013 when imports increased by 114%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the major importer of non-refractory ceramic building bricks in ECOWAS, with the volume of imports accounting for X units, which was approx. 62% of total imports in 2022. It was distantly followed by Ghana (X units) and Cote d'Ivoire (X units), together committing a 21% share of total imports. Sierra Leone (X units), Senegal (X units), Burkina Faso (X units) and Togo (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-refractory ceramic building bricks imports into Nigeria stood at +3.2%. At the same time, Burkina Faso (+30.4%), Togo (+22.0%), Sierra Leone (+21.0%), Cote d'Ivoire (+17.0%), Ghana (+13.0%) and Senegal (+8.3%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +30.4% from 2012-2022. Ghana (+8.8 p.p.), Cote d'Ivoire (+3.5 p.p.), Sierra Leone (+3 p.p.), Burkina Faso (+2.2 p.p.) and Togo (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported non-refractory ceramic building bricks in ECOWAS, comprising 42% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 16% share of total imports. It was followed by Ghana, with a 13% share.

In Nigeria, non-refractory ceramic building bricks imports expanded at an average annual rate of +2.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+28.7% per year) and Ghana (+3.6% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, which is down by -19.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 57%. As a result, import price attained the peak level of $X per unit, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform