ECOWAS: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in ECOWAS

The ECOWAS market for articles of asbestos-cement, of cellulose fibre-cement was estimated at $X in 2023, surging by X% against the previous year. In general, consumption, however, recorded a precipitous setback. The level of consumption peaked at $X.2B in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in ECOWAS

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement rose sharply to $X in 2023 estimated in export price. In general, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports in ECOWAS

In 2023, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement increased by X% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement soared to $X in 2023. Overall, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ghana was the main exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Benin (X tons), making up a X% share of total exports.

Ghana was also the fastest-growing in terms of the articles of asbestos-cement, of cellulose fibre-cement exports, with a CAGR of X% from 2012 to 2023. Benin experienced a relatively flat trend pattern. From 2012 to 2023, the share of Ghana and Benin increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Ghana stood at X%.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Benin ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports in ECOWAS

In 2023, supplies from abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement dropped rapidly to $X in 2023. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Guinea (X tons), Nigeria (X tons), Togo (X tons) and Ghana (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Niger (X tons), making up a X% share of total imports. The following importers - Benin (X tons) and Cabo Verde (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Nigeria ($X) constitutes the largest market for imported articles of asbestos-cement, of cellulose fibre-cement in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2023, growing by X% against the previous year. Overall, the import price enjoyed a tangible increase. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, 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 ($X per ton), while Togo ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform