Western Africa: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Western Africa

The West African market for float glass and surface ground or polished glass expanded slightly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Float Glass And Surface Ground or Polished Glass in Western Africa

In value terms, production of float glass and surface ground or polished glass amounted to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Float Glass And Surface Ground or Polished Glass

Exports in Western Africa

In 2022, the amount of float glass and surface ground or polished glass exported in Western Africa surged to X square meters, growing by X% compared with the year before. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, exports of float glass and surface ground or polished glass soared to $X in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2019 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Nigeria represented the main exporting country with an export of around X square meters, which finished at X% of total exports. It was distantly followed by Ghana (X square meters), comprising an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to float glass and surface ground or polished glass exports from Nigeria stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Nigeria (X p.p.) and Ghana (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest float glass and surface ground or polished glass supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%.

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2022, growing by X% against the previous year. In general, the export price showed measured growth. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per square meter), while Ghana amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Imports of Float Glass And Surface Ground or Polished Glass

Imports in Western Africa

In 2022, purchases abroad of float glass and surface ground or polished glass decreased by X% to X square meters, falling for the second year in a row after two years of growth. Overall, imports saw a slight setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X square meters in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of float glass and surface ground or polished glass declined slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Ghana represented the largest importing country with an import of about X square meters, which amounted to X% of total imports. It was distantly followed by Gambia (X square meters), Cote d'Ivoire (X square meters), Guinea (X square meters), Sierra Leone (X square meters), Senegal (X square meters) and Benin (X square meters), together creating a X% share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Gambia (X%), Sierra Leone (X%), Senegal (X%), Cote d'Ivoire (X%), Guinea (X%) and Benin (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Ghana, Gambia, Sierra Leone, Cote d'Ivoire, Senegal, Guinea and Benin increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported float glass and surface ground or polished glass in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Gambia ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: Gambia (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per square meter in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Cote d'Ivoire ($X per square meter) and Gambia ($X per square meter), while Ghana ($X per square meter) and Senegal ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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