ECOWAS: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in ECOWAS

The ECOWAS market for clays for construction and industrial use contracted to $X in 2022, which is down by -3.8% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Clays For Construction and Industrial Use in ECOWAS

In value terms, production of clays for construction and industrial use contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Clays For Construction and Industrial Use

Exports in ECOWAS

In 2022, shipments abroad of clays for construction and industrial use was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw temperate growth. The pace of growth appeared the most rapid in 2019 with an increase of 130% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of clays for construction and industrial use expanded modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The biggest shipments were from Senegal (X tons), together accounting for 99.9% of total export.

Senegal was also the fastest-growing in terms of the clays for construction and industrial use exports, with a CAGR of +2.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest clays for construction and industrial use supplier in ECOWAS.

In Senegal, exports of clays for construction and industrial use expanded at an average annual rate of +2.3% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, which is down by -12.3% against the previous year. In general, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 47% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2022, the rate of growth in terms of prices for Senegal amounted to 0.0% per year.

Imports of Clays For Construction and Industrial Use

Imports in ECOWAS

After two years of growth, overseas purchases of clays for construction and industrial use decreased by -11% to X tons in 2022. In general, imports, however, continue to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 55%. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of clays for construction and industrial use reduced to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Cote d'Ivoire represented the main importing country with an import of about X tons, which reached 50% of total imports. Ghana (X tons) took the second position in the ranking, followed by Nigeria (X tons) and Burkina Faso (X tons). All these countries together took approx. 45% share of total imports. The following importers - Togo (X tons) and Senegal (X tons) - each recorded a 3.8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to clays for construction and industrial use imports into Cote d'Ivoire stood at +23.7%. At the same time, Burkina Faso (+32.1%), Togo (+26.6%), Ghana (+8.4%) and Senegal (+3.0%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +32.1% from 2012-2022. By contrast, Nigeria (-11.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Burkina Faso, Ghana and Togo increased by +41, +12, +5.9 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported clays for construction and industrial use in ECOWAS, comprising 50% of total imports. The second position in the ranking was taken by Ghana ($X), with a 19% share of total imports. It was followed by Nigeria, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to +25.7%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+8.5% per year) and Nigeria (-10.3% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, picking up by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the import price increased by 74%. As a result, import price attained the peak level of $X per ton. From 2014 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 ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform