Western Africa: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Western Africa

The West African market for ready-mixed concrete and factory made mortars expanded remarkably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Western Africa

In value terms, production of ready-mixed concrete and factory made mortars amounted to $X in 2023 estimated in export price. In general, production, however, saw a mild contraction. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Western Africa

In 2023, overseas shipments of ready-mixed concrete and factory made mortars decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2022, and then shrank in the following year.

In value terms, exports of ready-mixed concrete and factory made mortars declined modestly to $X in 2023. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2022, and then shrank modestly in the following year.

Exports by Country

Ghana represented the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Senegal (X tons) and Nigeria (X tons), together generating a X% share of total exports. Togo (X tons) took a little share of total exports.

Exports from Ghana increased at an average annual rate of X% from 2012 to 2023. At the same time, Nigeria (X%), Togo (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Ghana (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Togo (X p.p.) and Senegal (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest ready-mixed concrete and factory made mortar supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Ghana amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Senegal (X% per year) and Togo (X% per year).

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the export price figures.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Western Africa

In 2023, the amount of ready-mixed concrete and factory made mortars imported in Western Africa expanded slightly to X tons, with an increase of X% compared with the year before. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars fell to $X in 2023. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Cote d'Ivoire (X tons) was the largest importer of ready-mixed concrete and factory made mortars, committing X% of total imports. It was distantly followed by Ghana (X tons), Nigeria (X tons), Guinea (X tons), Senegal (X tons) and Cabo Verde (X tons), together comprising a X% share of total imports. Mali (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ready-mixed concrete and factory made mortar imports into Cote d'Ivoire stood at X%. At the same time, Mali (X%), Ghana (X%), Senegal (X%), Guinea (X%), Nigeria (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.), Senegal (X p.p.) and Mali (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Cabo Verde (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported ready-mixed concrete and factory made mortars in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Nigeria, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform