Western Africa: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Western Africa

The West African rolled bitumen articles market shrank to $X in 2022, declining by X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Rolled Bitumen Articles Production in Western Africa

In value terms, rolled bitumen articles production declined slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained 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 Western Africa

In 2022, approx. X square meters of articles of bitumen in rolls were exported in Western Africa; waning by X% on 2021. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 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 somewhat lower figure.

In value terms, rolled bitumen articles exports skyrocketed to $X in 2022. Overall, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded 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 failed to regain momentum.

Exports by Country

Cote d'Ivoire dominates exports structure, finishing at X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Senegal (X square meters), creating 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 Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. Senegal (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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%. 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 Western Africa amounted to $X per square meter, with an increase of X% against the previous year. Overall, the export price, however, recorded a precipitous descent. The level of export peaked 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 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 Western Africa

Rolled bitumen articles imports dropped to X square meters in 2022, waning by X% on the previous year. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X square meters in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, rolled bitumen articles imports shrank to $X in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

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) represented the largest importers of articles of bitumen in rolls, together constituting X% of total imports. The following importers - Benin (X square meters) and Mauritania (X square meters) - each amounted to an X% share of total imports.

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) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mali, Senegal, Benin and Mauritania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Benin, with a CAGR of X%, recorded the highest rates of growth with regard to 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 square meter, remaining relatively unchanged against the previous year. In general, the import price recorded a pronounced contraction. 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per square meter), while Mauritania ($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

Frequently Asked Questions (FAQ) :