Western Africa: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Western Africa

The West African prepared additives for cements market rose remarkably to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Prepared Additives For Cements, Mortars Or Concretes in Western Africa

In value terms, prepared additives for cements production dropped to $X in 2022 estimated in export price. The total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports in Western Africa

In 2022, overseas shipments of prepared additives for cements, mortars or concretes increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, prepared additives for cements exports surged to $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the main exporter of prepared additives for cements, mortars or concretes, making up X% of total exports. Ghana (X tons) took the second position in the ranking, followed by Nigeria (X tons) and Senegal (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to prepared additives for cements exports from Cote d'Ivoire stood at X%. At the same time, Ghana (X%), Senegal (X%) and Nigeria (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. From 2012 to 2022, the share of Cote d'Ivoire, Ghana and Senegal increased by X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire amounted to X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The pace of growth was the most pronounced in 2014 an increase of X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports in Western Africa

For the sixth consecutive year, Western Africa recorded growth in overseas purchases of prepared additives for cements, mortars or concretes, which increased by X% to X tons in 2022. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, prepared additives for cements imports soared to $X in 2022. In general, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Niger (X tons), Nigeria (X tons) and Senegal (X tons) represented roughly X% of total imports in 2022. Ghana (X tons) took the next position in the ranking, followed by Cote d'Ivoire (X tons) and Guinea (X tons). All these countries together took approx. X% share of total imports. Benin (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Niger ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Niger, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Guinea ($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 a decline in the import price figures.

Source: IndexBox Platform