ECOWAS: China Statuette Market 2024

China Statuette Market Size in ECOWAS

In 2022, after two years of growth, there was significant decline in the ECOWAS china statuette market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2021, and then declined sharply in the following year.

China Statuette Production in ECOWAS

In value terms, china statuette production rose slightly to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

China Statuette Exports

Exports in ECOWAS

In 2022, approx. X tons of statuettes of porcelain or china were exported in ECOWAS; waning by X% compared with 2021. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, china statuette exports declined sharply to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Guinea (X kg) and Cote d'Ivoire (X kg) represented the largest exporters of statuettes of porcelain or china in 2022, amounting to near X% and X% of total exports, respectively. Ghana (X kg) ranks next in terms of the total exports with a X% share, followed by Cabo Verde (X%), Burkina Faso (X%) and Senegal (X%). Sierra Leone (X kg) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guinea ($X), Cote d'Ivoire ($X) and Burkina Faso ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2021, and then fell notably in the following year.

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 Guinea ($X per ton), while Cabo Verde ($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 (X%), while the other leaders experienced more modest paces of growth.

China Statuette Imports

Imports in ECOWAS

In 2022, purchases abroad of statuettes of porcelain or china decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by X%. The volume of import peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, china statuette imports contracted remarkably to $X in 2022. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then fell rapidly in the following year.

Imports by Country

Senegal was the largest importer of statuettes of porcelain or china in ECOWAS, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Nigeria (X tons) took the second position in the ranking, followed by Guinea (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Togo (X tons). All these countries together took approx. X% share of total imports. Sierra Leone (X tons) followed a long way behind the leaders.

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

In value terms, Senegal ($X), Nigeria ($X) and Guinea ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Senegal, with a CAGR of X%, recorded 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 ton, shrinking by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price 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, china statuette import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure 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 Guinea ($X per ton), while Senegal ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform