Western Africa: Market for Granules, Chippings And Powder Of Monumental Stone 2022

Market Size for Granules, Chippings And Powder Of Monumental Stone in Western Africa

In 2021, after three years of growth, there was decline in the West African market for granules, chippings and powder of monumental stone, when its value decreased by -X% to $X. Overall, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Western Africa

In value terms, monumental stone granules and powder production shrank modestly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Production By Country in Western Africa

The countries with the highest volumes of in 2021 were Niger (X tons), Ghana (X tons) and Mali (X tons), together accounting for X% of total production. These countries were followed by Senegal, Benin, Mauritania, Sierra Leone, Liberia and Gambia, which together accounted for a further X 2012 to 2021, the biggest increases were in Gambia (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Western Africa

In 2021, shipments abroad of granules, chippings and powder of monumental stone was finally on the rise to reach X tons after two years of decline. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, monumental stone granules and powder exports fell to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Ghana (X tons) represented the key exporter of granules, chippings and powder of monumental stone in Western Africa, making up X% of total export.

Ghana was also the fastest-growing in terms of the granules, chippings and powder of monumental stone exports, with a CAGR of +X% from 2012 to 2021. From 2012 to 2021, the share of Ghana increased by +X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest monumental stone granules and powder supplier in Western Africa.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana totaled +X%.

Export Prices by Country

The mental stone in Western Africa stood at $X per ton in 2021, with a decrease of -X% against the previous year. Overall, the export price recorded a dramatic contraction. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to -X% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Western Africa

Monumental stone granules and powder imports soared to X tons in 2021, growing by X% compared with the previous year's figure. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, monumental stone granules and powder imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Togo prevails in imports structure, recording X tons, which was approx. X% of total imports in 2021. Nigeria (X tons) held a minor share of total imports.

Togo was also the fastest-growing in terms of the granules, chippings and powder of monumental stone imports, with a CAGR of +X% from 2012 to 2021. At the same time, Nigeria (+X%) displayed positive paces of growth. Togo (+X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Togo ($X) constitutes the largest market for imported granules, chippings and powder of monumental stone in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports.

In Togo, monumental stone granules and powder imports plunged by an average annual rate of -X% over the period from 2012-2021.

Import Prices by Country

In 2021, the mental stone in Western Africa amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a dramatic decrease. The pace of growth appeared the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Togo amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (-X%).

Source: IndexBox Market Intelligence Platform

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