Western Africa: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in Western Africa

The West African gravel and crushed stone market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption saw a pronounced contraction. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Gravel and Crushed Stone in Western Africa

In value terms, gravel and crushed stone production totaled $X in 2022 estimated in export price. Over the period under review, production showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Gravel and Crushed Stone

Exports in Western Africa

In 2022, approx. X tons of gravel and crushed stone were exported in Western Africa; reducing by X% on the year before. Over the period under review, exports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, gravel and crushed stone exports amounted to $X in 2022. In general, exports, however, recorded temperate growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Senegal represented the key exporter of gravel and crushed stone in Western Africa, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Ghana (X tons), achieving a X% share of total exports.

Senegal experienced a relatively flat trend pattern with regard to volume of exports of gravel and crushed stone. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Ghana (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) displayed negative dynamics.

In value terms, the largest gravel and crushed stone supplying countries in Western Africa were Ghana ($X) and Senegal ($X).

Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed slight growth. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 ton), while Senegal totaled $X per ton.

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

Imports of Gravel and Crushed Stone

Imports in Western Africa

In 2022, after three years of growth, there was significant decline in overseas purchases of gravel and crushed stone, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, gravel and crushed stone imports shrank to $X in 2022. Overall, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mauritania represented the key importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Gambia (X tons), Cote d'Ivoire (X tons) and Ghana (X tons), together making up a X% share of total imports. The following importers - Guinea-Bissau (X tons), Senegal (X tons) and Togo (X tons) - each reached a X% share of total imports.

Imports into Mauritania increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Cote d'Ivoire (X%), Senegal (X%) and Gambia (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Guinea-Bissau experienced a relatively flat trend pattern. By contrast, Togo (X%) illustrated a downward trend over the same period. Mauritania (X p.p.), Cote d'Ivoire (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total imports, while Guinea-Bissau, Gambia and Togo 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, Mauritania ($X), Cote d'Ivoire ($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.

Ghana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, jumping by X% against the previous year. Overall, the import price, however, recorded a drastic downturn. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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