ECOWAS: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in ECOWAS

The ECOWAS market for boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a buoyant 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. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in ECOWAS

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in ECOWAS

In 2022, overseas shipments of boards, sheets, panels, tiles and similar articles of plaster not faced increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2022. In general, exports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Nigeria dominates faced structure, amounting to X square meters, which was approx. X% of total exports in 2022. Cote d'Ivoire (X square meters) held a relatively small share of total exports.

Nigeria was also the fastest-growing in terms of the boards, sheets, panels, tiles and similar articles of plaster not faced exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest board, sheet, panel, tile and similar article of plaster not faced supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%.

Export Prices by Country

The export price in ECOWAS stood at $X per square meter in 2022, waning by X% against the previous year. In general, the export price continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per square meter), while Nigeria totaled $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in ECOWAS

Imports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to X square meters in 2022, jumping by X% on the year before. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2022. Total imports indicated a prominent 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. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the main importing country with an import of around X square meters, which amounted to X% of total imports. Cote d'Ivoire (X square meters) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Cabo Verde (X%). The following importers - Guinea (X square meters), Senegal (X square meters) and Benin (X square meters) - each amounted to a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Ghana (X%), Senegal (X%), Cabo Verde (X%) and Guinea (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Benin experienced a relatively flat trend pattern. While the share of Cote d'Ivoire (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Benin ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, imports of boards, sheets, panels, tiles and similar articles of plaster not faced expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Benin (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per square meter in 2022, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per square meter), while Cote d'Ivoire ($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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