Western Africa: China Statuette Market 2024

China Statuette Market Size in Western Africa

In 2022, after two years of growth, there was significant decline in the West African china statuette market, when its value decreased by X% to $X. Overall, consumption, however, showed strong growth. The level of consumption peaked at $X in 2021, and then reduced remarkably in the following year.

China Statuette Production in Western Africa

In value terms, china statuette production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

China Statuette Exports

Exports in Western Africa

In 2022, the amount of statuettes of porcelain or china exported in Western Africa shrank sharply to X tons, waning by X% on 2021 figures. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, china statuette exports reduced markedly to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

Guinea (X kg) and Cote d'Ivoire (X kg) were the largest exporters of statuettes of porcelain or china in 2022, amounting to approx. X% and X% of total exports, respectively. Ghana (X kg) ranks next in terms of the total exports with a X% share, followed by Cabo Verde (X%), Burkina Faso (X%) and Senegal (X%). Sierra Leone (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest china statuette supplying countries in Western Africa were Guinea ($X), Cote d'Ivoire ($X) and Burkina Faso ($X), together accounting for X% of total exports.

Burkina Faso, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then reduced dramatically in the following year.

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

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

China Statuette Imports

Imports in Western Africa

After two years of growth, supplies from abroad of statuettes of porcelain or china decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted sharply in the following year.

In value terms, china statuette imports contracted dramatically to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

Senegal represented the major importing country with an import of around X tons, which amounted to X% of total imports. Nigeria (X tons) held the second position in the ranking, followed by Guinea (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Togo (X tons). All these countries together took approx. X% share of total imports. Sierra Leone (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Nigeria ($X) and Guinea ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Western Africa stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, china statuette import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guinea ($X per ton), while Senegal ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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