Western Africa: 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 Western Africa

The West African articles of fiber cement market stood at $X in 2022, flattening at the previous year. Over the period under review, consumption, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, articles of fiber cement production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in Western Africa

After two years of growth, shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like decreased by X% to X tons in 2022. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs 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 reduced notably to $X in 2022. Over the period under review, exports recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Togo represented the key exporter of articles of asbestos-cement, cellulose fiber-cement or the like in Western Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons) and Ghana (X tons), together constituting a X% share of total exports.

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. From 2012 to 2022, the share of Togo and Ghana increased by X and X percentage points, respectively.

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

In Ghana, articles of fiber cement exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price saw a slight shrinkage. The pace of growth appeared the most rapid in 2019 when the export price increased by 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 Western Africa

In 2022, imports of articles of asbestos-cement, cellulose fiber-cement or the like in Western Africa totaled X tons, with an increase of X% compared with the previous year's figure. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, articles of fiber cement imports rose significantly to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded 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 lower figure.

Imports by Country

Ghana represented the major importer of articles of asbestos-cement, cellulose fiber-cement or the like in Western Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Benin (X tons) ranks second in terms of the total imports with a X% share, followed by Nigeria (X%). Togo (X tons) took a minor 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. From 2012 to 2022, the share of Ghana and Nigeria increased by X and X percentage points, respectively.

In value terms, the largest articles of fiber cement importing markets in Western Africa were Ghana ($X), Nigeria ($X) and Benin ($X), with a combined X% share of total imports.

Among the main importing countries, Ghana, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a mild decline. The pace of growth was the most pronounced in 2013 when the import price increased by X%. As a result, import price reached 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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