ECOWAS: Plastic Sanitary Ware Market 2024

Plastic Sanitary Ware Market Size in ECOWAS

The ECOWAS plastic sanitary ware market shrank to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, posted buoyant growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Plastic Sanitary Ware Production in ECOWAS

In value terms, plastic sanitary ware production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Sanitary Ware Exports

Exports in ECOWAS

In 2022, overseas shipments of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic sanitary ware exports skyrocketed to $X in 2022. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Cote d'Ivoire represented the key exporting country with an export of around X units, which resulted at X% of total exports. Ghana (X units) held the second position in the ranking, distantly followed by Benin (X units) and Togo (X units). All these countries together took near X% share of total exports. Sierra Leone (X units) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Benin (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Benin and Togo increased by X, X and X percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest plastic sanitary ware supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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 Sierra Leone ($X per unit), while Togo ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Plastic Sanitary Ware Imports

Imports in ECOWAS

In 2022, imports of plastic baths, wash-basins, lavatory pans and covers and similar sanitary ware in ECOWAS fell to X units, shrinking by X% on the previous year's figure. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, plastic sanitary ware imports contracted rapidly to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Senegal (X units), Ghana (X units) and Cote d'Ivoire (X units) represented roughly X% of total imports in 2022. It was distantly followed by Nigeria (X units), comprising a X% share of total imports. Burkina Faso (X units), Guinea (X units), Togo (X units), Mali (X units), Benin (X units) and Cabo Verde (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic sanitary ware importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X), together accounting for X% of total imports. Senegal, Guinea, Mali, Benin, Cabo Verde, Togo and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Mali, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform