ECOWAS: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in ECOWAS

In 2023, the ECOWAS enamels and glazes market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. In general, consumption, however, posted a tangible expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Enamels And Glazes Production in ECOWAS

In value terms, enamels and glazes production fell to $X in 2023 estimated in export price. Over the period under review, production saw a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Enamels And Glazes Exports

Exports in ECOWAS

In 2023, overseas shipments of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by X% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, enamels and glazes exports soared to $X in 2023. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Ghana represented the main exporter of vitrifiable enamels and glazes for ceramics, enamelling or glass in ECOWAS, with the volume of exports reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Nigeria (X tons), creating a X% share of total exports.

Ghana was also the fastest-growing in terms of the vitrifiable enamels and glazes for ceramics, enamelling or glass exports, with a CAGR of X% from 2016 to 2023. Nigeria experienced a relatively flat trend pattern. Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest enamels and glazes supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

From 2016 to 2023, the average annual growth rate of value in Ghana stood at X%.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana amounted to $X per ton.

From 2016 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Enamels And Glazes Imports

Imports in ECOWAS

In 2023, after three years of growth, there was decline in supplies from abroad of vitrifiable enamels and glazes for ceramics, enamelling or glass, when their volume decreased by X% to X tons. Overall, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2022, and then shrank modestly in the following year.

In value terms, enamels and glazes imports dropped to $X in 2023. Over the period under review, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Nigeria was the main importer of vitrifiable enamels and glazes for ceramics, enamelling or glass in ECOWAS, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%).

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

In value terms, Nigeria ($X) constitutes the largest market for imported vitrifiable enamels and glazes for ceramics, enamelling or glass in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Senegal (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 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 ($X per ton), while Senegal ($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