ECOWAS: Kaolin Market 2024

Kaolin Market Size in ECOWAS

For the fifth year in a row, the ECOWAS kaolin market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Kaolin Production in ECOWAS

In value terms, kaolin production expanded remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Kaolin Exports

Exports in ECOWAS

After two years of decline, overseas shipments of kaolin and kaolinic clays increased by X% to X tons in 2023. Overall, exports, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, kaolin exports skyrocketed to $X in 2023. Total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Senegal (X tons) was the main exporter of kaolin and kaolinic clays, comprising X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), generating a X% share of total exports.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Senegal ($X) remains the largest kaolin supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Senegal totaled X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, jumping by X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, kaolin export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Kaolin Imports

Imports in ECOWAS

In 2023, approx. X tons of kaolin and kaolinic clays were imported in ECOWAS; surging by X% against the year before. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, kaolin imports reached $X in 2023. Over the period under review, imports posted a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Imports by Country

In 2023, Nigeria (X tons) was the largest importer of kaolin and kaolinic clays, generating X% of total imports. Burkina Faso (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Senegal (X%).

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%), Ghana (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Nigeria, Senegal and Ghana increased by X, X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported kaolin and kaolinic clays in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with an X% share of total imports. It was followed by Ghana, with an X% share.

In Nigeria, kaolin 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: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, waning 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-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, kaolin import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($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 a decline in the import price figures.

Source: IndexBox Platform