Western Africa: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Western Africa

The West African market for boards, sheets, panels, or tiles of gypsum or plaster skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption showed a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in years to come.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Western Africa

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster rose slightly to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports in Western Africa

In 2022, shipments abroad of boards, sheets, panels, or tiles of gypsum or plaster increased by X% to X square meters, rising for the second year in a row after two years of decline. Over the period under review, exports showed significant growth. 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 years to come.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster soared to $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria dominates plaster structure, amounting to X square meters, which was near X% of total exports in 2022. Ghana (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the boards, sheets, panels, or tiles of gypsum or plaster exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) emerged as the largest board, sheet, panel, tile and similar article of plaster supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with an X% share of total exports.

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

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2022, waning by X% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. 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 reached the maximum at $X per square meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 square meter), while Nigeria amounted to $X per square meter.

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

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports in Western Africa

In 2022, imports of boards, sheets, panels, or tiles of gypsum or plaster in Western Africa soared to X square meters, picking up by X% compared with the year before. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster soared to $X in 2022. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Nigeria represented the key importer of boards, sheets, panels, or tiles of gypsum or plaster in Western Africa, with the volume of imports amounting to X square meters, which was near X% of total imports in 2022. It was distantly followed by Ghana (X square meters), Mauritania (X square meters) and Cote d'Ivoire (X square meters), together constituting a X% share of total imports. Senegal (X square meters), Cabo Verde (X square meters) and Benin (X square meters) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritania (X%), Cote d'Ivoire (X%), Senegal (X%), Benin (X%), Ghana (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Mauritania (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde, Ghana and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported boards, sheets, panels, or tiles of gypsum or plaster in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per square meter in 2022, falling by X% against the previous year. In general, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per square meter in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per square meter), while Mauritania ($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 more modest paces of growth.

Source: IndexBox Platform

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