ECOWAS: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in ECOWAS

The ECOWAS market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground fell to $X in 2022, which is down by -4.7% against the previous year. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +4.4% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in ECOWAS

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped slightly to $X in 2022 estimated in export price. In general, production, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports in ECOWAS

After three years of decline, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 106% to X square meters in 2022. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 449%. As a result, the exports attained the peak of X square meters. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground surged to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 659% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria represented the largest exporting country with an export of about X square meters, which finished at 53% of total exports. Ghana (X square meters) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by Burkina Faso (7.6%) and Togo (5.6%). Mali (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of +53.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) emerged as the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground supplier in ECOWAS, comprising 62% of total exports. The second position in the ranking was held by Ghana ($X), with a 24% share of total exports. It was followed by Burkina Faso, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +17.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+31.2% per year) and Burkina Faso (+34.4% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per square meter, remaining constant against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -18.0% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, the export prices attained the peak figure at $X per square meter in 2020; however, from 2021 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 Nigeria ($X per square meter), while Togo ($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 Mali (+4.5%), while the other leaders experienced more modest paces of growth.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports in ECOWAS

After two years of decline, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 4.5% to X square meters in 2022. Overall, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 42% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs at X square meters in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground contracted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 39% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Ghana was the main importer of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in ECOWAS, with the volume of imports amounting to X square meters, which was near 40% of total imports in 2022. Cote d'Ivoire (X square meters) ranks second in terms of the total imports with a 16% share, followed by Senegal (9.7%), Nigeria (6.2%), Guinea (5.2%), Sierra Leone (5.1%) and Gambia (4.6%).

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground imports into Ghana stood at +9.9%. At the same time, Gambia (+44.2%), Sierra Leone (+16.9%), Guinea (+12.7%), Senegal (+8.3%) and Cote d'Ivoire (+6.7%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +44.2% from 2012-2022. By contrast, Nigeria (-24.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Senegal, Gambia, Sierra Leone and Guinea increased by +30, +11, +6.8, +4.5, +4.4 and +4.2 percentage points, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in ECOWAS, comprising 39% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 15% share of total imports. It was followed by Senegal, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to +9.0%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (+5.6% per year) and Senegal (+8.0% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per square meter in 2022, reducing by -10.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2014 an increase of 35%. Over the period under review, import prices hit record highs at $X per square meter in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Sierra Leone ($X per square meter) and Guinea ($X per square meter), while Nigeria ($X per square meter) and Cote d'Ivoire ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform