Ghana: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Ghana

The Ghanian ceramic statuette market reduced modestly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Ceramic Statuette Production in Ghana

In value terms, ceramic statuette production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 60% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Ceramic Statuette Exports

Exports from Ghana

In 2022, exports of ceramic statuettes and other ornamental articles from Ghana contracted sharply to X tons, which is down by -43.5% compared with the previous year's figure. In general, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 1,370% against the previous year. As a result, the exports attained the peak of X tons, and then fell significantly in the following year.

In value terms, ceramic statuette exports dropped remarkably to $X in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,597% against the previous year. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for ceramic statuette exports from Ghana, with a 88% share of total exports. It was followed by Spain (X kg), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +115.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+4.5% per year) and the Netherlands (-42.0% per year).

In value terms, the United States ($X) remains the key foreign market for ceramic statuettes and other ornamental articles exports from Ghana, comprising 96% of total exports. The second position in the ranking was taken by Spain ($X), with a 1.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +133.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.2% per year) and the Netherlands (-44.3% per year).

Export Prices by Country

The average ceramic statuette export price stood at $X per ton in 2022, reducing by -8.2% against the previous year. In general, the export price, however, saw a mild expansion. The growth pace was the most rapid in 2021 an increase of 83%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+41.5%), while the prices for the other major destinations experienced mixed trend patterns.

Ceramic Statuette Imports

Imports into Ghana

In 2022, imports of ceramic statuettes and other ornamental articles into Ghana contracted significantly to X tons, declining by -50.1% compared with 2021. In general, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2014 with an increase of 349%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ceramic statuette imports dropped remarkably to $X in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 510% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ceramic statuette supplier to Ghana, with a 71% share of total imports. Moreover, ceramic statuette imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. The third position in this ranking was held by the Netherlands (X kg), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+57.0% per year) and the Netherlands (+139.9% per year).

In value terms, China ($X) constituted the largest supplier of ceramic statuettes and other ornamental articles to Ghana, comprising 74% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.9% share of total imports. It was followed by the Netherlands, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+57.5% per year) and the Netherlands (+132.8% per year).

Import Prices by Country

In 2022, the average ceramic statuette import price amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 86% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+46.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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