Western Africa: Ceramic Statuette Market 2022

Ceramic Statuette Market Size in Western Africa

In 2021, the West African ceramic statuette market decreased by -3% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption continues to indicate a slight contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Ceramic Statuette Production in Western Africa

In value terms, ceramic statuette production reduced to $X in 2021 estimated in export price. In general, production saw a mild downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 28%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Ceramic Statuette Exports

Exports in Western Africa

In 2021, ceramic statuette exports in Western Africa declined dramatically to X tons, falling by -29.2% against 2020 figures. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 93%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, ceramic statuette exports dropped dramatically to $X in 2021. Overall, exports saw a deep slump. The growth pace was the most rapid in 2016 when exports increased by 50%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Ghana (X tons) was the major exporter of ceramic statuettes and other ornamental articles, comprising 48% of total exports. Cote d'Ivoire (X tons) ranks second in terms of the total exports with an 11% share, followed by Senegal (10%), Mali (9.1%), Nigeria (7.3%) and Togo (5.7%). Sierra Leone (X kg) held a relatively small share of total exports.

Exports from Ghana decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Mali (+63.6%), Cote d'Ivoire (+28.7%), Nigeria (+6.0%) and Sierra Leone (+4.4%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +63.6% from 2012-2021. By contrast, Senegal (-13.7%) and Togo (-19.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana, Cote d'Ivoire, Mali and Nigeria increased by +18, +11, +9 and +5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ceramic statuette supplying countries in Western Africa were Mali ($X), Cote d'Ivoire ($X) and Ghana ($X), together comprising 52% of total exports.

Among the main exporting countries, Mali, with a CAGR of +53.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, declining by -30% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sierra Leone ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+1.9%), while the other leaders experienced a decline in the export price figures.

Ceramic Statuette Imports

Imports in Western Africa

In 2021, approx. X tons of ceramic statuettes and other ornamental articles were imported in Western Africa; picking up by 22% on 2020 figures. In general, imports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 24%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, ceramic statuette imports rose rapidly to $X in 2021. Overall, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 14%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mali (X tons), Senegal (X tons), Sierra Leone (X tons) and Niger (X tons) represented the key importer of ceramic statuettes and other ornamental articles in Western Africa, achieving 60% of total import. Cote d'Ivoire (X tons) took the next position in the ranking, followed by Gambia (X tons), Togo (X tons) and Mauritania (X tons). All these countries together took approx. 25% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Togo (with a CAGR of +51.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ceramic statuette importing markets in Western Africa were Mali ($X), Cote d'Ivoire ($X) and Niger ($X), together comprising 46% of total imports. Senegal, Sierra Leone, Mauritania, Togo and Gambia lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Togo, with a CAGR of +45.1%, saw the highest growth rate of 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 import price in Western Africa stood at $X per ton in 2021, dropping by -8.7% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 40%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+8.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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