Africa: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Africa

The African articles of fiber cement market declined modestly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 1.8%. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Africa

In value terms, articles of fiber cement production declined modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 2.7%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports in Africa

In 2022, articles of fiber cement exports in Africa expanded remarkably to X tons, growing by 8.5% compared with the previous year. Over the period under review, exports saw a modest expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 31% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, articles of fiber cement exports expanded slightly to $X in 2022. In general, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) was the main exporter of articles of asbestos-cement, cellulose fiber-cement or the like, achieving 52% of total exports. It was distantly followed by Tunisia (X tons), generating a 34% share of total exports. Tanzania (X tons), Kenya (X tons), Zimbabwe (X tons) and Nigeria (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tanzania (with a CAGR of +68.9%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest articles of fiber cement supplier in Africa, comprising 64% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 14% share of total exports. It was followed by Kenya, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Tunisia (+0.5% per year) and Kenya (+23.6% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, dropping by -4.6% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when the export price increased by 20%. As a result, the export price reached the peak level of $X per ton. From 2014 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 Kenya ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports in Africa

Articles of fiber cement imports expanded to X tons in 2022, with an increase of 3.3% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 49%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of fiber cement imports reached $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 48% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ghana (X tons), South Africa (X tons), Ethiopia (X tons), Libya (X tons), Malawi (X tons), Senegal (X tons), Tanzania (X tons), Benin (X tons), Algeria (X tons), Namibia (X tons), Sudan (X tons) and Mozambique (X tons) represented roughly 75% of total imports in 2022. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of fiber cement importing markets in Africa were South Africa ($X), Ghana ($X) and Malawi ($X), with a combined 22% share of total imports. Namibia, Nigeria, Senegal, Libya, Algeria, Mozambique, Ethiopia, Tanzania, Benin and Sudan lagged somewhat behind, together comprising a further 41%.

Senegal, with a CAGR of +37.1%, recorded the highest growth rate of 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 Africa amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 17%. The level of import peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while Ethiopia ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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