ECOWAS: Sanitary Alluminium Ware Market 2024

Sanitary Alluminium Ware Market Size in ECOWAS

The ECOWAS sanitary alluminium ware market fell modestly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sanitary Alluminium Ware Production in ECOWAS

In value terms, sanitary alluminium ware production reduced to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Sanitary Alluminium Ware Exports

Exports in ECOWAS

In 2022, overseas shipments of sanitary ware and parts of aluminium were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports continue to indicate notable growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, sanitary alluminium ware exports expanded sharply to $X in 2022. Overall, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

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

Ghana was also the fastest-growing in terms of the sanitary ware and parts of aluminium exports, with a CAGR of X% from 2012 to 2022. While the share of Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest sanitary alluminium ware supplier in ECOWAS.

From 2012 to 2022, the average annual growth rate of value in Ghana stood at X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, falling by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to X% per year.

Sanitary Alluminium Ware Imports

Imports in ECOWAS

In 2022, approx. X tons of sanitary ware and parts of aluminium were imported in ECOWAS; rising by X% against the year before. Overall, imports posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, sanitary alluminium ware imports reached $X in 2022. In general, imports showed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X tons) was the main importer of sanitary ware and parts of aluminium, generating X% of total imports. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Niger (X%), Cote d'Ivoire (X%) and Togo (X%). The following importers - Cabo Verde (X tons) and Benin (X tons) - each resulted at an X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sanitary alluminium ware imports into Senegal stood at X%. At the same time, Niger (X%), Togo (X%), Cote d'Ivoire (X%), Ghana (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Benin (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Niger (X p.p.), Togo (X p.p.), Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde and Benin saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported sanitary ware and parts of aluminium in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Niger, with a X% share.

In Ghana, sanitary alluminium ware imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Niger (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, dropping by X% against the previous year. In general, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform