Western Africa: Flat Glass Market 2024

Flat Glass Market Size in Western Africa

The West African flat glass market shrank to $X in 2021, falling by -9.8% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Flat Glass Production in Western Africa

In value terms, flat glass production reduced to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Flat Glass Exports

Exports in Western Africa

Flat glass exports surged to X tons in 2021, with an increase of 303% on 2020. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 570%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, flat glass exports surged to $X in 2021. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 306%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Nigeria prevails in exports structure, finishing at X tons, which was near 94% of total exports in 2021. Senegal (X tons) and Ghana (X tons) took a minor share of total exports.

Nigeria was also the fastest-growing in terms of the flat glass exports, with a CAGR of +42.8% from 2012 to 2021. At the same time, Ghana (+27.1%) and Senegal (+19.7%) displayed positive paces of growth. While the share of Nigeria (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Ghana (-2.6 p.p.) and Senegal (-10.7 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest flat glass supplier in Western Africa, comprising 87% of total exports. The second position in the ranking was held by Ghana ($X), with a 6.5% share of total exports.

In Nigeria, flat glass exports expanded at an average annual rate of +28.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Ghana (+28.2% per year) and Senegal (+8.9% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, declining by -32.6% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+0.9%), while the other leaders experienced a decline in the export price figures.

Flat Glass Imports

Imports in Western Africa

In 2021, approx. X tons of flat glass were imported in Western Africa; which is down by -2.2% on the previous year. Over the period under review, imports showed a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of 45%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flat glass imports surged to $X in 2021. Overall, imports saw a pronounced descent. The growth pace was the most rapid in 2016 when imports increased by 42%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Cote d'Ivoire (X tons) and Ghana (X tons) represented the main importers of flat glass in Western Africa, together comprising 43% of total imports. Guinea (X tons) took the next position in the ranking, followed by Senegal (X tons), Mauritania (X tons), Sierra Leone (X tons) and Burkina Faso (X tons). All these countries together held approx. 41% 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 Cote d'Ivoire (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 58% of total imports. Sierra Leone, Mauritania, Senegal and Burkina Faso lagged somewhat behind, together comprising a further 27%.

Sierra Leone, with a CAGR of +32.8%, saw 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 2021, the import price in Western Africa amounted to $X per ton, rising by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 28%. Over the period under review, import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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