ECOWAS: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in ECOWAS

The ECOWAS non-refractory clay constructional products market declined modestly to $X in 2022, remaining stable against the previous year. In general, consumption, however, recorded a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Refractory Clay Constructional Products in ECOWAS

In value terms, non-refractory clay constructional products production fell to $X in 2022 estimated in export price. Overall, production, however, saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 16%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Refractory Clay Constructional Products

Exports in ECOWAS

In 2022, shipments abroad of non-refractory clay constructional products was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 810% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-refractory clay constructional products exports contracted dramatically to $X in 2022. Overall, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 523%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X tons) was the key exporter of non-refractory clay constructional products, achieving 72% of total exports. It was distantly followed by Togo (X kg) and Nigeria (X kg), together achieving a 23% share of total exports. Cote d'Ivoire (X kg) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the non-refractory clay constructional products exports, with a CAGR of +32.9% from 2012 to 2022. At the same time, Nigeria (+11.0%) and Cote d'Ivoire (+3.0%) displayed positive paces of growth. By contrast, Togo (-15.4%) illustrated a downward trend over the same period. While the share of Ghana (+71 p.p.), Nigeria (+9.7 p.p.) and Cote d'Ivoire (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (-11.7 p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 92% share of total exports.

Ghana, with a CAGR of +20.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, falling by -27% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 125%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained 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 Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.0%), while the other leaders experienced a decline in the export price figures.

Imports of Non-Refractory Clay Constructional Products

Imports in ECOWAS

Non-refractory clay constructional products imports rose to X tons in 2022, surging by 2.6% on the previous year. Overall, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by 244% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-refractory clay constructional products imports totaled $X in 2022. Over the period under review, imports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2019 with an increase of 242% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Guinea-Bissau (X tons), Ghana (X tons), Gambia (X tons), Cabo Verde (X tons), Senegal (X tons), Mali (X tons) and Niger (X tons) represented the key importers of non-refractory clay constructional products, together mixing up 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Guinea-Bissau (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-refractory clay constructional products importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Senegal ($X), together accounting for 61% of total imports. Guinea-Bissau, Cabo Verde, Gambia, Mali and Niger lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Gambia, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, growing by 3.1% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-refractory clay constructional products import price decreased by -10.5% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 49%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform