ECOWAS: Ceramic Tile Market 2024

Ceramic Tile Market Size in ECOWAS

The ECOWAS ceramic tile market shrank to $X in 2023, approximately equating the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Ceramic Tile Production in ECOWAS

In value terms, ceramic tile production amounted to $X in 2023 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Ceramic Tile Exports

Exports in ECOWAS

In 2023, approx. X square meters of ceramic tiles were exported in ECOWAS; stabilizing at the previous year. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X square meters in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, ceramic tile exports expanded significantly to $X in 2023. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Ghana (X square meters) was the key exporter of ceramic tiles, constituting X% of total exports. It was distantly followed by Gambia (X square meters), creating a X% share of total exports. Nigeria (X square meters) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Gambia (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. Ghana (X p.p.) and Gambia (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Ghana ($X) remains the largest ceramic tile supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Gambia ($X), with an X% share of total exports.

In Ghana, ceramic tile exports 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: Gambia (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per square meter in 2023, rising by X% against the previous year. Overall, the export price, however, saw a noticeable contraction. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per square meter in 2014; however, from 2015 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 Ghana ($X per square meter), while Gambia ($X per square meter) was amongst the lowest.

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

Ceramic Tile Imports

Imports in ECOWAS

In 2023, approx. X square meters of ceramic tiles were imported in ECOWAS; waning by X% compared with the year before. Over the period under review, imports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X square meters. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ceramic tile imports rose slightly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of ceramic tile imports in 2023 were Senegal (X square meters), Cote d'Ivoire (X square meters), Ghana (X square meters) and Nigeria (X square meters), together recording X% of total import. Guinea (X square meters) ranks next in terms of the total imports with a X% share, followed by Mali (X%). Burkina Faso (X square meters), Sierra Leone (X square meters) and Liberia (X square meters) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Cote d'Ivoire, Burkina Faso, Guinea, Sierra Leone, Mali and Liberia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Burkina Faso, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 ECOWAS stood at $X per square meter in 2023, increasing by X% against the previous year. Import price indicated slight growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ceramic tile import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per square meter. From 2015 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 Burkina Faso ($X per square meter), while Mali ($X per square meter) was amongst the lowest.

From 2012 to 2023, 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