ECOWAS: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in ECOWAS

The ECOWAS mould for mineral materials market expanded notably to $X in 2023, with an increase of X% against the previous year. In general, consumption showed a strong 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.

Production of Moulds For Mineral Materials in ECOWAS

In value terms, mould for mineral materials production soared to $X in 2023 estimated in export price. In general, production, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Moulds For Mineral Materials

Exports in ECOWAS

Mould for mineral materials exports surged to X units in 2023, with an increase of X% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, mould for mineral materials exports surged to $X in 2023. Over the period under review, exports, however, faced a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Ghana was the main exporter of moulds for mineral materials in ECOWAS, with the volume of exports resulting at X units, which was approx. X% of total exports in 2023. Cabo Verde (X units) took the second position in the ranking, distantly followed by Cote d'Ivoire (X units) and Sierra Leone (X units). All these countries together took near X% share of total exports. Nigeria (X units) took a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to mould for mineral materials exports from Ghana stood at X%. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Cabo Verde (X%), Cote d'Ivoire (X%) and Nigeria (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Cabo Verde (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire and Nigeria saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Ghana ($X) emerged as the largest mould for mineral materials supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a X% share of total exports. It was followed by Sierra Leone, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana stood at X%. In the other countries, the average annual rates were as follows: Cabo Verde (X% per year) and Sierra Leone (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2023, rising by X% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Nigeria ($X per unit) 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.

Imports of Moulds For Mineral Materials

Imports in ECOWAS

In 2023, imports of moulds for mineral materials in ECOWAS amounted to X units, increasing by X% compared with the previous year. Over the period under review, imports showed buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, mould for mineral materials imports declined remarkably to $X in 2023. Overall, imports saw a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Ghana prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2023. It was distantly followed by Guinea (X units), Cote d'Ivoire (X units) and Nigeria (X units), together mixing up a X% share of total imports. Benin (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to mould for mineral materials imports into Ghana stood at X%. At the same time, Cote d'Ivoire (X%), Benin (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.), Cote d'Ivoire (X p.p.), Guinea (X p.p.) and Benin (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform