ECOWAS: Porcelain Technical Ware Market 2024

Porcelain Technical Ware Market Size in ECOWAS

In 2022, the ECOWAS porcelain technical ware market decreased by -12.5% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption saw a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Porcelain Technical Ware Production in ECOWAS

In value terms, porcelain technical ware production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 140% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Porcelain Technical Ware Exports

Exports in ECOWAS

In 2022, shipments abroad of porcelain ceramic wares for laboratory, technical, and chemical use decreased by -23% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, porcelain technical ware exports fell to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 56% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Nigeria (X tons) represented roughly 100% of total exports in 2022.

Nigeria was also the fastest-growing in terms of the porcelain ceramic wares for laboratory, technical, and chemical use exports, with a CAGR of +43.7% from 2012 to 2022. Nigeria (+81 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest porcelain technical ware supplier in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled +48.7%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, jumping by 18% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The growth pace was the most rapid in 2019 when the export price increased by 50%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +3.5% per year.

Porcelain Technical Ware Imports

Imports in ECOWAS

In 2022, after two years of growth, there was significant decline in purchases abroad of porcelain ceramic wares for laboratory, technical, and chemical use, when their volume decreased by -31.9% to X tons. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 374% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, porcelain technical ware imports rose to $X in 2022. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 350%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, recording X tons, which was approx. 87% of total imports in 2022. Gambia (X tons) ranks second in terms of the total imports with a 6.6% share, followed by Ghana (4.8%).

Imports into Nigeria decreased at an average annual rate of -15.7% from 2012 to 2022. At the same time, Gambia (+50.4%) and Ghana (+26.7%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +50.4% from 2012-2022. While the share of Gambia (+6.6 p.p.) and Ghana (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-13.1 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported porcelain ceramic wares for laboratory, technical, and chemical use in ECOWAS, comprising 91% of total imports. The second position in the ranking was taken by Ghana ($X), with a 3.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at -4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (+19.7% per year) and Gambia (+40.1% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, with an increase of 53% against the previous year. Over the period under review, the import price showed a prominent increase. The growth pace was the most rapid in 2014 when the import price increased by 121% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Gambia ($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 (+13.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform