Western Africa: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Western Africa

The West African cement prefabricated structural components market was estimated at $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a strong expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Western Africa

In value terms, cement prefabricated structural components production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 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.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports in Western Africa

After two years of decline, overseas shipments of prefabricated structural components of cement, concrete or artificial stone increased by X% to X tons in 2022. Overall, exports showed a strong expansion. The pace of growth was the most pronounced 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, cement prefabricated structural components exports dropped dramatically to $X in 2022. In general, exports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ghana dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Cote d'Ivoire (X tons), Senegal (X tons) and Togo (X tons) followed a long way behind the leaders.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X.3%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X.3% from 2012-2022. While the share of Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Togo (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest cement prefabricated structural components supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

In Ghana, cement prefabricated structural components exports declined by 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: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports in Western Africa

In 2022, imports of prefabricated structural components of cement, concrete or artificial stone in Western Africa declined rapidly to X tons, waning by X% against the year before. In general, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components imports plummeted to $X in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Nigeria was the key importing country with an import of about X tons, which resulted at X% of total imports. Cote d'Ivoire (X tons) took the second position in the ranking, followed by Guinea (X tons). All these countries together held near X% share of total imports. The following importers - Mauritania (X tons), Burkina Faso (X tons), Guinea-Bissau (X tons) and Liberia (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Mauritania (X%), Burkina Faso (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) and Guinea-Bissau (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Cote d'Ivoire, Mauritania and Burkina Faso increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Guinea, with a X% share.

In Nigeria, cement prefabricated structural components imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Guinea (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a temperate increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 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 Nigeria ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :