Ghana: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Ghana

In 2022, after two years of growth, there was significant decline in the Ghanian market for building blocks and bricks of cement, concrete or artificial stone, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a resilient increase. Consumption of peaked at $X in 2021, and then reduced sharply in the following year.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Ghana

In 2022, overseas shipments of building blocks and bricks of cement, concrete or artificial stone decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone reduced dramatically to $X in 2022. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded 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 of remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Ghana, accounting for a X% share of total exports. It was followed by Togo (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled X%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Ghana, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire stood at X%.

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a slight increase. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while the average price for exports to Cote d'Ivoire stood at $X per ton.

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

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Ghana

In 2022, supplies from abroad of building blocks and bricks of cement, concrete or artificial stone decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone shrank sharply to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

China (X tons), Spain (X tons) and Greece (X tons) were the main suppliers of imports of building blocks and bricks of cement, concrete or artificial stone to Ghana, together accounting for X% of total imports.

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

In value terms, China ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Ghana, comprising X% of total imports. The second position in the ranking was held by Greece ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, saw pronounced growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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