Ghana: Ceramic Tile Market 2024

Ceramic Tile Market Size in Ghana

The Ghanian ceramic tile market declined dramatically to $X in 2022, reducing by -16.7% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.9% against 2020 indices. Ceramic tile consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Ceramic Tile Production in Ghana

In value terms, ceramic tile production dropped to $X in 2022 estimated in export price. Over the period under review, production showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 361% against the previous year. Ceramic tile production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Ceramic Tile Exports

Exports from Ghana

Ceramic tile exports from Ghana soared to X square meters in 2022, rising by 97% against 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,835% against the previous year. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ceramic tile exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,250% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Niger (X square meters) was the main destination for ceramic tile exports from Ghana, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Niger stood at +114.7%.

In value terms, Niger ($X) emerged as the key foreign market for ceramic tiles exports from Ghana.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger amounted to +107.8%.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, waning by -21.8% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. The export price peaked at $X per square meter in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mali amounted to -1.5% per year.

Ceramic Tile Imports

Imports into Ghana

After two years of growth, overseas purchases of ceramic tiles decreased by -3.5% to X square meters in 2022. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports shrank to $X in 2022. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X square meters) constituted the largest ceramic tile supplier to Ghana, accounting for a 34% share of total imports. Moreover, ceramic tile imports from Spain exceeded the figures recorded by the second-largest supplier, China (X square meters), twofold. The third position in this ranking was held by Italy (X square meters), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-21.7% per year) and Italy (-2.6% per year).

In value terms, the largest ceramic tile suppliers to Ghana were Spain ($X), China ($X) and Italy ($X), with a combined 57% share of total imports. These countries were followed by Turkey and India, which together accounted for a further 4.3%.

In terms of the main suppliers, Turkey, with a CAGR of +23.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ceramic tile import price stood at $X per square meter in 2022, waning by -5.9% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ceramic tile import price increased by +7.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 31%. As a result, import price reached the peak level of $X per square meter. From 2019 to 2022, the average import prices remained at a lower figure.

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 Turkey ($X per square meter), while the price for India ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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