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Western Africa - Granite Blocks and Slabs - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Granite Block Market 2024
Granite Block Market Size in Western Africa
In 2022, the West African granite block market decreased by -1.6% to $X, falling for the third consecutive year after four years of growth. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 5.7% against the previous year. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
Granite Block Production in Western Africa
In value terms, granite block production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.7%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.
Granite Block Exports
Exports in Western Africa
In 2022, exports of granite blocks and slabs in Western Africa expanded significantly to X tons, picking up by 5.4% compared with 2021 figures. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 451% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, granite block exports expanded modestly to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 442%. The level of export peaked in 2022 and is expected to retain growth in years to come.
Exports by Country
Nigeria dominates exports structure, resulting at X tons, which was near 97% of total exports in 2022. Sierra Leone (X tons) held a little share of total exports.
Nigeria was also the fastest-growing in terms of the granite blocks and slabs exports, with a CAGR of +33.1% from 2012 to 2022. Sierra Leone experienced a relatively flat trend pattern. From 2012 to 2022, the share of Sierra Leone increased by +2.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) remains the largest granite block supplier in Western Africa, comprising 96% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a 2.1% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +27.5%.
Export Prices by Country
In 2022, the export price in Western Africa amounted to $X per ton, stabilizing at the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when the export price increased by 130% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Sierra Leone stood at $X per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-4.2%).
Granite Block Imports
Imports in Western Africa
In 2022, the amount of granite blocks and slabs imported in Western Africa skyrocketed to X tons, with an increase of 156% compared with the previous year. Over the period under review, imports, however, showed a drastic downturn. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, granite block imports skyrocketed to $X in 2022. Overall, imports, however, faced a deep reduction. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
Imports by Country
Cote d'Ivoire represented the key importing country with an import of around X tons, which finished at 71% of total imports. It was distantly followed by Nigeria (X tons), constituting a 15% share of total imports. Guinea (X tons), Senegal (X tons) and Cabo Verde (X tons) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to granite block imports into Cote d'Ivoire stood at +53.6%. At the same time, Guinea (+55.1%) and Senegal (+8.1%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +55.1% from 2012-2022. Cabo Verde experienced a relatively flat trend pattern. By contrast, Nigeria (-31.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Guinea, Senegal and Cabo Verde increased by +71, +3.7, +2.9 and +2.3 percentage points, respectively.
In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported granite blocks and slabs in Western Africa, comprising 71% of total imports. The second position in the ranking was held by Nigeria ($X), with a 15% share of total imports. It was followed by Senegal, with a 4.5% share.
From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at +50.3%. In the other countries, the average annual rates were as follows: Nigeria (-29.1% per year) and Senegal (+15.0% per year).
Import Prices by Country
The import price in Western Africa stood at $X per ton in 2022, rising by 10% against the previous year. Over the period under review, the import price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2018 when the import price increased by 59% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Guinea ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+6.4%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the granite block market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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