Western Africa: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Western Africa

The West African non-rolled bitumen products market fell to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Rolled Bitumen Products Production in Western Africa

In value terms, non-rolled bitumen products production contracted modestly to $X in 2022 estimated in export price. In general, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. 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.

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Non-Rolled Bitumen Products Exports

Exports in Western Africa

In 2022, the amount of non-rolled bitumen products exported in Western Africa expanded remarkably to X tons, picking up by X% on 2021 figures. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-rolled bitumen products exports reached $X in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Senegal (X tons) was the main exporter of non-rolled bitumen products, making up X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), constituting a X% share of total exports.

Senegal was also the fastest-growing in terms of the non-rolled bitumen products exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. While the share of Senegal (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics.

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

In Senegal, non-rolled bitumen products exports increased at an average annual rate of X% over the period from 2012-2022.

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. Over the period under review, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 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 Senegal ($X per ton), while Cote d'Ivoire stood at $X per ton.

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

Non-Rolled Bitumen Products Imports

Imports in Western Africa

After two years of growth, purchases abroad of non-rolled bitumen products decreased by X% to X tons in 2022. In general, imports saw a slight reduction. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-rolled bitumen products imports declined remarkably to $X in 2022. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of non-rolled bitumen products imports in 2022 were Senegal (X tons), Nigeria (X tons), Ghana (X tons) and Cote d'Ivoire (X tons), together recording X% of total import. Togo (X tons) ranks next in terms of the total imports with a X% share, followed by Liberia (X%). Burkina Faso (X tons) followed a long way behind the leaders.

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

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Liberia, Togo, Senegal and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Burkina Faso, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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, standing approx. at the previous year. Overall, the import price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. 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 Liberia ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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