Western Africa: Clay Market 2024

Clay Market Size in Western Africa

The West African clay market amounted to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Clay Production in Western Africa

In value terms, clay production rose sharply to $X in 2023 estimated in export price. Overall, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Clay Exports

Exports in Western Africa

In 2023, exports of clays in Western Africa contracted to X tons, which is down by X% against the previous year. In general, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, clay exports declined slightly to $X in 2023. Overall, exports saw a mild downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Senegal dominates exports structure, finishing at X tons, which was near X% of total exports in 2023. Cote d'Ivoire (X tons) held a little 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 Western Africa, 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 ($X) remains the largest clay supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

In Senegal, clay exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Export price indicated modest 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, clay export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices failed to regain momentum.

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 amounted to $X per ton.

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

Clay Imports

Imports in Western Africa

In 2023, after two years of growth, there was significant decline in overseas purchases of clays, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then contracted in the following year.

In value terms, clay imports fell modestly to $X in 2023. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced slightly in the following year.

Imports by Country

In 2023, Nigeria (X tons) and Ghana (X tons) represented the main importers of clays in Western Africa, together achieving X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Burkina Faso (X tons) and Senegal (X tons), together making up a X% share of total imports. Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Nigeria, clay imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Senegal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform