Western Africa: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Western Africa

In 2022, the West African glass in the mass market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Glass in The Mass in Western Africa

In value terms, glass in the mass production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Glass in The Mass

Exports in Western Africa

After two years of growth, overseas shipments of glass in the mass decreased by -17.6% to X tons in 2022. Over the period under review, exports, however, showed a noticeable expansion. The growth pace was the most rapid in 2017 with an increase of 82%. The volume of export peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, glass in the mass exports fell to $X in 2022. In general, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of 101%. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Ghana (X tons) represented the main exporter of glass in the mass, generating 58% of total exports. Benin (X tons) ranks second in terms of the total exports with a 14% share, followed by Burkina Faso (10%), Cote d'Ivoire (9.3%) and Togo (6.7%).

Exports from Ghana increased at an average annual rate of +5.8% from 2012 to 2022. At the same time, Benin (+30.6%), Togo (+16.0%) and Burkina Faso (+8.9%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +30.6% from 2012-2022. By contrast, Cote d'Ivoire (-6.4%) illustrated a downward trend over the same period. While the share of Benin (+13 p.p.), Ghana (+8.3 p.p.), Togo (+4.4 p.p.) and Burkina Faso (+3.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (-17.8 p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest glass in the mass supplier in Western Africa, comprising 71% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an 11% share of total exports. It was followed by Benin, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value in Ghana amounted to +9.8%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (-4.7% per year) and Benin (+28.0% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, increasing by 3.4% against the previous year. Overall, the export price saw a modest increase. The pace of growth was the most pronounced in 2020 when the export price increased by 16%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+21.4%), while the other leaders experienced more modest paces of growth.

Imports of Glass in The Mass

Imports in Western Africa

In 2022, approx. X tons of glass in the mass were imported in Western Africa; surging by 14% compared with the previous year's figure. Overall, imports recorded strong growth. The growth pace was the most rapid in 2017 when imports increased by 522% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, glass in the mass imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 497%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Togo prevails in imports structure, amounting to X tons, which was approx. 74% of total imports in 2022. It was distantly followed by Nigeria (X tons), generating a 9.4% share of total imports. The following importers - Benin (X tons), Mauritania (X tons), Cabo Verde (X tons), Ghana (X tons) and Senegal (X tons) - together made up 16% of total imports.

From 2012 to 2022, average annual rates of growth with regard to glass in the mass imports into Togo stood at +32.8%. At the same time, Cabo Verde (+67.7%), Mauritania (+46.2%), Senegal (+25.9%) and Benin (+17.5%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +67.7% from 2012-2022. By contrast, Nigeria (-2.1%) and Ghana (-9.3%) illustrated a downward trend over the same period. Togo (+59 p.p.), Mauritania (+3.3 p.p.) and Cabo Verde (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Ghana and Nigeria saw its share reduced by -26.3% and -30.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cabo Verde ($X) constitutes the largest market for imported glass in the mass in Western Africa, comprising 37% of total imports. The second position in the ranking was taken by Togo ($X), with a 16% share of total imports. It was followed by Nigeria, with a 15% share.

In Cabo Verde, glass in the mass imports increased at an average annual rate of +66.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Togo (+16.6% per year) and Nigeria (+2.5% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with an increase of 24% against the previous year. In general, the import price, however, showed a abrupt slump. The growth pace was the most rapid in 2019 an increase of 63%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+4.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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