Western Africa: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Western Africa

In 2022, the West African pigments, opacifiers and colours market decreased by -16.4% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Western Africa

In value terms, pigments, opacifiers and colours production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 46%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports in Western Africa

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass exported in Western Africa amounted to X tons, increasing by 4.8% against the previous year's figure. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 554%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports contracted notably to $X in 2022. Overall, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 140% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Togo was the key exporter of pigments, opacifiers and colours for ceramics, enamelling or glass in Western Africa, with the volume of exports resulting at X tons, which was near 69% of total exports in 2022. It was distantly followed by Nigeria (X kg), creating a 31% share of total exports.

Togo was also the fastest-growing in terms of the pigments, opacifiers and colours for ceramics, enamelling or glass exports, with a CAGR of +14.4% from 2012 to 2022. At the same time, Nigeria (+14.0%) displayed positive paces of growth. From 2012 to 2022, the share of Togo and Nigeria increased by +62 and +27 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest pigments, opacifiers and colours supplier in Western Africa, comprising 69% of total exports. The second position in the ranking was taken by Togo ($X), with a 31% share of total exports.

In Nigeria, pigments, opacifiers and colours exports increased at an average annual rate of +15.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with a decrease of -53% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when the export price increased by 250% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Togo stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+1.3%).

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports in Western Africa

In 2022, overseas purchases of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by -25.5% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 228%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, pigments, opacifiers and colours imports declined sharply to $X in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 147%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria was the major importer of pigments, opacifiers and colours for ceramics, enamelling or glass in Western Africa, with the volume of imports reaching X tons, which was approx. 81% of total imports in 2022. It was distantly followed by Ghana (X tons), comprising a 17% share of total imports.

Imports into Nigeria increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Ghana (+49.6%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +49.6% from 2012-2022. Ghana (+16 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -12.1% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported pigments, opacifiers and colours for ceramics, enamelling or glass in Western Africa, comprising 68% of total imports. The second position in the ranking was held by Ghana ($X), with a 29% share of total imports.

In Nigeria, pigments, opacifiers and colours imports increased at an average annual rate of +3.2% over the period from 2012-2022.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 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 Ghana ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-0.3%).

Source: IndexBox Platform

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