ECOWAS: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in ECOWAS

The ECOWAS multiple-walled insulating glass unit market was estimated at $X in 2021, increasing by 12% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in ECOWAS

In value terms, multiple-walled insulating glass unit production reached $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in ECOWAS

In 2021, the amount of multiple-walled insulating units of glass exported in ECOWAS expanded significantly to X square meters, picking up by 9.2% against the previous year. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 129% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, multiple-walled insulating glass unit exports surged to $X in 2021. Over the period under review, exports recorded resilient growth. The growth pace was the most rapid in 2018 with an increase of 85% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the near future.

Exports by Country

In 2021, Togo (X square meters), distantly followed by Senegal (X square meters), Cote d'Ivoire (X square meters), Burkina Faso (X square meters) and Nigeria (X square meters) were the largest exporters of multiple-walled insulating units of glass, together creating 98% of total exports. Ghana (X square meters) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cote d'Ivoire (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, Togo ($X) remains the largest multiple-walled insulating glass unit supplier in ECOWAS, comprising 49% of total exports. The second position in the ranking was taken by Senegal ($X), with a 21% share of total exports. It was followed by Cote d'Ivoire, with a 17% share.

In Togo, multiple-walled insulating glass unit exports increased at an average annual rate of +11.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (+8.2% per year) and Cote d'Ivoire (+69.4% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per square meter, picking up by 6.9% against the previous year. In general, the export price, however, saw a mild downturn. The growth pace was the most rapid in 2019 when the export price increased by 21%. Over the period under review, the export prices attained the peak figure at $X per square meter in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Burkina Faso ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+11.1%), while the other leaders experienced a decline in the export price figures.

Imports of Multiple-Walled Insulating Units Of Glass

Imports in ECOWAS

In 2021, approx. X square meters of multiple-walled insulating units of glass were imported in ECOWAS; growing by 292% against the previous year's figure. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, multiple-walled insulating glass unit imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importing country with an import of around X square meters, which resulted at 69% of total imports. Cote d'Ivoire (X square meters) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (9.3%). Ghana (X square meters), Guinea (X square meters) and Benin (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the multiple-walled insulating units of glass imports, with a CAGR of +68.4% from 2012 to 2021. At the same time, Cote d'Ivoire (+52.0%), Guinea (+51.5%), Senegal (+36.1%), Ghana (+28.2%) and Benin (+2.5%) displayed positive paces of growth. Nigeria (+57 p.p.) and Cote d'Ivoire (+6.1 p.p.) significantly strengthened its position in terms of the total imports, while Senegal, Ghana and Benin saw its share reduced by -1.7%, -3% and -30.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported multiple-walled insulating units of glass in ECOWAS, comprising 71% of total imports. The second position in the ranking was held by Senegal ($X), with a 12% share of total imports. It was followed by Cote d'Ivoire, with a 9.2% share.

In Nigeria, multiple-walled insulating glass unit imports increased at an average annual rate of +68.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+47.8% per year) and Cote d'Ivoire (+44.8% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per square meter in 2021, declining by -2.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 when the import price increased by 37%. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Senegal ($X per square meter), while Guinea ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+8.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform