Western Africa: Ceramic Statuette Market 2024

Ceramic Statuette Market Size in Western Africa

The West African ceramic statuette market amounted to $X in 2023, increasing by X% against the previous year. In general, consumption, however, continues to indicate a mild reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Ceramic Statuette Production in Western Africa

In value terms, ceramic statuette production totaled $X in 2023 estimated in export price. Overall, production, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Ceramic Statuette Exports

Exports in Western Africa

In 2023, ceramic statuette exports in Western Africa was estimated at X tons, picking up by X% compared with 2022. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, ceramic statuette exports contracted to $X in 2023. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

Ghana was the largest exporter of ceramic statuettes and other ornamental articles in Western Africa, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Nigeria (X tons) held the second position in the ranking, distantly followed by Burkina Faso (X tons) and Mali (X tons). All these countries together took approx. X% share of total exports. The following exporters - Benin (X tons) and Senegal (X tons) - each amounted to a X% share of total exports.

Ghana was also the fastest-growing in terms of the ceramic statuettes and other ornamental articles exports, with a CAGR of X% from 2012 to 2023. At the same time, Nigeria (X%), Mali (X%) and Benin (X%) displayed positive paces of growth. Burkina Faso experienced a relatively flat trend pattern. By contrast, Senegal (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Nigeria (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total exports, while Burkina Faso and Senegal saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Burkina Faso ($X) and Mali ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Ghana, Benin and Senegal lagged somewhat behind, together comprising a further X%.

Ghana, 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

In 2023, the export price in Western Africa amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced mixed trends in the export price figures.

Ceramic Statuette Imports

Imports in Western Africa

In 2023, overseas purchases of ceramic statuettes and other ornamental articles were finally on the rise to reach X tons after three years of decline. Overall, imports, however, continue to indicate a abrupt slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, ceramic statuette imports surged to $X in 2023. In general, imports, however, showed a abrupt downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Benin prevails in imports structure, amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Niger (X tons) and Senegal (X tons), together making up a X% share of total imports. Ghana (X tons), Cote d'Ivoire (X tons), Mali (X tons) and Mauritania (X tons) took a relatively small share of total imports.

Benin was also the fastest-growing in terms of the ceramic statuettes and other ornamental articles imports, with a CAGR of X% from 2012 to 2023. At the same time, Ghana (X%), Mauritania (X%), Niger (X%) and Senegal (X%) displayed positive paces of growth. Mali experienced a relatively flat trend pattern. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Benin (X p.p.), Niger (X p.p.), Ghana (X p.p.) and Senegal (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) constitutes the largest market for imported ceramic statuettes and other ornamental articles in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Benin, ceramic statuette imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform