Western Africa: Plaster Article Market 2024

Plaster Article Market Size in Western Africa

The West African plaster article market reached $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a pronounced increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Plaster Article Production in Western Africa

In value terms, plaster article production skyrocketed to $X in 2022 estimated in export price. In general, production enjoyed a measured increase. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plaster Article Exports

Exports in Western Africa

In 2022, approx. X square meters of articles of plaster or of compositions based on plaster were exported in Western Africa; which is down by X% against 2021. Over the period under review, exports, however, recorded measured growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X square meters, and then declined markedly in the following year.

In value terms, plaster article exports fell significantly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

Ghana represented the major exporting country with an export of about X square meters, which finished at X% of total exports. Senegal (X square meters) ranks second in terms of the total exports with a X% share, followed by Nigeria (X%) and Cote d'Ivoire (X%).

From 2012 to 2022, average annual rates of growth with regard to plaster article exports from Ghana stood at X%. At the same time, Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Senegal (X p.p.), Ghana (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) emerged as the largest plaster article supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Ghana, plaster article exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Cote d'Ivoire ($X per square meter) and Senegal ($X per square meter), while Nigeria ($X per square meter) and Ghana ($X per square meter) were 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 a decline in the export price figures.

Plaster Article Imports

Imports in Western Africa

In 2022, supplies from abroad of articles of plaster or of compositions based on plaster decreased by X% to X square meters for the first time since 2019, thus ending a two-year rising trend. Total imports indicated strong growth 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. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X square meters in 2021, and then contracted dramatically in the following year.

In value terms, plaster article imports fell rapidly to $X in 2022. Total imports indicated a resilient increase 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. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

Nigeria (X square meters) and Ghana (X square meters) represented the largest importers of articles of plaster or of compositions based on plaster in 2022, finishing at near X% and X% of total imports, respectively. Cote d'Ivoire (X square meters) held the next position in the ranking, followed by Senegal (X square meters). All these countries together took approx. X% share of total imports. The following importers - Cabo Verde (X square meters), Guinea (X square meters) and Mali (X square meters) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cote d'Ivoire (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Cote d'Ivoire, 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

The import price in Western Africa stood at $X per square meter in 2022, rising by X% against the previous year. In general, the import price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per square meter), while Mali ($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 Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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