Africa: Plaster Article Market 2024

Plaster Article Market Size in Africa

In 2022, the African plaster article market decreased by X% to $X for the first time since 2014, thus ending a seven-year rising trend. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced modestly in the following year.

Plaster Article Production in Africa

In value terms, plaster article production totaled $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Plaster Article Exports

Exports in Africa

In 2022, shipments abroad of articles of plaster or of compositions based on plaster increased by X% to X square meters, rising for the second consecutive year after two years of decline. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, plaster article exports soared to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Egypt (X square meters) was the key exporter of articles of plaster or of compositions based on plaster, constituting X% of total exports. It was distantly followed by South Africa (X square meters), making up a X% share of total exports. Algeria (X square meters) and Tanzania (X square meters) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article supplying countries in Africa were South Africa ($X), Egypt ($X) and Tanzania ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per square meter in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per square meter in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per square meter), while Algeria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced a decline in the export price figures.

Plaster Article Imports

Imports in Africa

In 2022, after four years of growth, there was significant decline in purchases abroad of articles of plaster or of compositions based on plaster, when their volume decreased by X% to X square meters. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X square meters, and then reduced in the following year.

In value terms, plaster article imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Libya (X square meters), followed by Morocco (X square meters), Tanzania (X square meters), Nigeria (X square meters), South Africa (X square meters), Ghana (X square meters), Angola (X square meters) and Egypt (X square meters) were the main importers of articles of plaster or of compositions based on plaster, together committing X% of total imports. Rwanda (X square meters), Tunisia (X square meters), Algeria (X square meters), Sudan (X square meters) and Zimbabwe (X square meters) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article importing markets in Africa were Nigeria ($X), Rwanda ($X) and Morocco ($X), together accounting for X% of total imports.

Rwanda, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per square meter, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Rwanda ($X per square meter), while Libya ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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