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

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

In 2022, after six years of growth, there was decline in the African market for ready-mixed concrete and factory made mortars, when its value decreased by X% to $X. The total consumption indicated a noticeable increase 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 2015 indices. Over the period under review, the market reached the peak level at $X in 2021, and then fell in the following year.

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

In value terms, production of ready-mixed concrete and factory made mortars expanded to $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 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Africa

After five years of growth, overseas shipments of ready-mixed concrete and factory made mortars decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then declined slightly in the following year.

In value terms, exports of ready-mixed concrete and factory made mortars stood at $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Mauritius (X tons) was the major exporter of ready-mixed concrete and factory made mortars, committing X% of total exports. South Africa (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%), Kenya (X%) and Tunisia (X%). Cote d'Ivoire (X tons) and Tanzania (X tons) held a minor share of total exports.

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

In value terms, South Africa ($X), Mauritius ($X) and Kenya ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Mauritius, with a CAGR of X%, saw the highest rates of growth with regard to 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while Mauritius ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Africa

In 2022, imports of ready-mixed concrete and factory made mortars in Africa surged to X tons, growing by X% on the previous year. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars expanded significantly to $X in 2022. Overall, imports saw strong growth. The growth pace was the most rapid in 2019 when imports increased by 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

Algeria was the key importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Libya (X tons), generating a X% share of total imports. The following importers - Morocco (X tons), Gabon (X tons), Senegal (X tons) and Cote d'Ivoire (X tons) - together made up X% of total imports.

Imports into Algeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Libya (X%), Cote d'Ivoire (X%), Morocco (X%) and Gabon (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. While the share of Algeria (X p.p.) and Libya (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (X p.p.) and Gabon (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X) constitutes the largest market for imported ready-mixed concrete and factory made mortars in Africa, comprising X% of total imports. The second position in the ranking was taken by Libya ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Algeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Libya (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price saw a perceptible decline. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Morocco ($X per ton), while Algeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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