ECOWAS: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in ECOWAS

The ECOWAS articles of fiber cement market stood at $X in 2022, remaining stable against the previous year. Overall, consumption, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in ECOWAS

In value terms, articles of fiber cement production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports in ECOWAS

After two years of growth, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like decreased by X% to X tons in 2022. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports fell dramatically to $X in 2022. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Togo represented the largest exporting country with an export of about X tons, which resulted at X% of total exports. Nigeria (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Ghana (X%).

Togo was also the fastest-growing in terms of the articles of asbestos-cement, cellulose fiber-cement or the like exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. Togo (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) remains the largest articles of fiber cement supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports.

In Ghana, articles of fiber cement exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports in ECOWAS

In 2022, articles of fiber cement imports in ECOWAS expanded notably to X tons, growing by X% on 2021 figures. Overall, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, articles of fiber cement imports expanded significantly to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X tons) represented the major importer of articles of asbestos-cement, cellulose fiber-cement or the like, making up X% of total imports. Benin (X tons) held the second position in the ranking, followed by Nigeria (X tons). All these countries together held approx. X% share of total imports. Togo (X tons) took a little share of total imports.

Ghana was also the fastest-growing in terms of the articles of asbestos-cement, cellulose fiber-cement or the like imports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) and Benin (X%) displayed positive paces of growth. By contrast, Togo (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Benin and Togo saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest articles of fiber cement importing markets in ECOWAS were Ghana ($X), Nigeria ($X) and Benin ($X), together accounting for X% of total imports.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in ECOWAS stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the 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 ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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