Africa: Market for Limestone Flux, Limestone And Calcareous Stone 2024

Market Size for Limestone Flux, Limestone And Calcareous Stone in Africa

The African limestone flux and limestone market contracted to $X in 2022, with a decrease of -3% against the previous year. Over the period under review, consumption recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 6.5%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Limestone Flux, Limestone And Calcareous Stone in Africa

In value terms, limestone flux and limestone production fell slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 4.8% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Limestone Flux, Limestone And Calcareous Stone

Exports in Africa

In 2022, the amount of limestone flux, limestone and calcareous stone exported in Africa surged to X tons, increasing by 16% compared with the year before. In general, exports showed a resilient increase. The growth pace was the most rapid in 2016 with an increase of 71%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, limestone flux and limestone exports soared to $X in 2022. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 60%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Egypt represented the largest exporter of limestone flux, limestone and calcareous stone in Africa, with the volume of exports finishing at X tons, which was near 40% of total exports in 2022. Togo (X tons) held the second position in the ranking, distantly followed by Tanzania (X tons), South Africa (X tons) and Kenya (X tons). All these countries together held approx. 57% share of total exports. Tunisia (X tons) took a little 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 Kenya (with a CAGR of +48.9%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Tanzania ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 87% of total exports.

Among the main exporting countries, Egypt, with a CAGR of +47.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by 14% against the previous year. Export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, limestone flux and limestone export price increased by +79.6% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 28% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Limestone Flux, Limestone And Calcareous Stone

Imports in Africa

Limestone flux and limestone imports dropped to X tons in 2022, waning by -7.9% on the previous year. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 76% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, limestone flux and limestone imports declined to $X in 2022. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Madagascar (X tons) and Cote d'Ivoire (X tons) represented roughly 70% of total imports in 2022. Ghana (X tons) held a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (7.4%) and Liberia (6.5%). Sierra Leone (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cote d'Ivoire (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest limestone flux and limestone importing markets in Africa were Madagascar ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined 71% share of total imports. Guinea, Liberia and Sierra Leone lagged somewhat behind, together comprising a further 9.9%.

Liberia, with a CAGR of +31.1%, recorded the highest rates of growth with regard to 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, waning by -6.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.2%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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