Western Africa: Fireclay Market 2024

Fireclay Market Size in Western Africa

The West African fireclay market fell to $X in 2023, waning by X% against the previous year. Over the period under review, consumption showed a noticeable contraction. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Fireclay Production in Western Africa

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

Fireclay Exports

Exports in Western Africa

In 2023, approx. X tons of fireclay were exported in Western Africa; growing by X% against the previous year. Over the period under review, exports, however, showed a perceptible curtailment. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, fireclay exports soared to $X in 2023. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Nigeria represented the key exporter of fireclay in Western Africa, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Ghana (X tons), Sierra Leone (X tons) and Guinea (X tons), together comprising a X% share of total exports. Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) emerged as the largest fireclay supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

In Ghana, fireclay exports contracted by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

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

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

Fireclay Imports

Imports in Western Africa

In 2023, the amount of fireclay imported in Western Africa reduced dramatically to X tons, shrinking by X% compared with 2022. Overall, imports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, fireclay imports fell notably to $X in 2023. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Nigeria represented the major importing country with an import of around X tons, which amounted to X% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Burkina Faso (X tons) and Cote d'Ivoire (X tons). All these countries together held approx. X% share of total imports. Mali (X tons) and Senegal (X tons) held a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Ghana (X%) and Mali (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Senegal experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Ghana (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Burkina Faso and Cote d'Ivoire 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 ($X) constitutes the largest market for imported fireclay in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Burkina Faso (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, which is down by X% against the previous year. Overall, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 Burkina Faso ($X per ton), while Mali ($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 more modest paces of growth.

Source: IndexBox Platform