ECOWAS: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in ECOWAS

The ECOWAS rolled bitumen articles market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption continues to indicate a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Rolled Bitumen Articles Production in ECOWAS

In value terms, rolled bitumen articles production shrank modestly to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports in ECOWAS

Rolled bitumen articles exports contracted to X square meters in 2022, declining by X% against 2021. In general, exports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of X square meters. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, rolled bitumen articles exports soared to $X in 2022. Overall, exports faced a significant decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, recording X square meters, which was near X% of total exports in 2022. It was distantly followed by Senegal (X square meters), constituting a X% share of total exports. Ghana (X square meters) followed a long way behind the leaders.

Exports from Cote d'Ivoire decreased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. From 2012 to 2022, the share of Senegal increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest rolled bitumen articles supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with an X% share of total exports.

In Cote d'Ivoire, rolled bitumen articles exports increased at 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: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per square meter, picking up by X% against the previous year. In general, the export price, however, faced a significant decline. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, 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 Senegal ($X per square meter), while Ghana ($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 Senegal (X%), while the other leaders experienced more modest paces of growth.

Rolled Bitumen Articles Imports

Imports in ECOWAS

In 2022, the amount of articles of bitumen in rolls imported in ECOWAS contracted to X square meters, waning by X% compared with the previous year. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X square meters. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, rolled bitumen articles imports contracted to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X square meters), distantly followed by Senegal (X square meters), Cote d'Ivoire (X square meters), Mali (X square meters) and Ghana (X square meters) were the key importers of articles of bitumen in rolls, together achieving X% of total imports. Benin (X square meters) and Togo (X square meters) followed a long way behind the leaders.

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

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mali, Senegal, Benin and Togo lagged somewhat behind, together comprising a further X%.

Benin, 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 square meter in 2022, almost unchanged from the previous year. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Ghana ($X per square meter), while Senegal ($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 Benin (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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