ECOWAS: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in ECOWAS

The ECOWAS market for articles of asbestos-cement, of cellulose fibre-cement reduced to $X in 2021, waning by -4.9% against the previous year. In general, consumption faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 8.9%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in ECOWAS

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement contracted modestly to $X in 2021 estimated in export price. In general, production faced a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 3% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports in ECOWAS

After two years of growth, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement decreased by -67.6% to X tons in 2021. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2015 with an increase of 197% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement contracted significantly to $X in 2021. Over the period under review, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 200% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

In 2021, Senegal (X tons) was the major exporter of articles of asbestos-cement, of cellulose fibre-cement, mixing up 58% of total exports. It was distantly followed by Ghana (X tons), making up a 42% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ghana (with a CAGR of -20.6%).

In value terms, Senegal ($X) remains the largest articles of asbestos-cement, of cellulose fibre-cement supplier in ECOWAS, comprising 83% of total exports. The second position in the ranking was held by Ghana ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Senegal stood at -26.6%.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, which is down by -48.1% against the previous year. Overall, the export price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 174% against the previous year. The level of export peaked at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+12.4%).

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports in ECOWAS

After two years of growth, supplies from abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -16.6% to X tons in 2021. Overall, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 243%. Over the period under review, imports of attained the peak figure at X tons in 2020, and then shrank markedly in the following year.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement declined to $X in 2021. In general, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 184% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

Ghana was the key importing country with an import of about X tons, which reached 75% of total imports. It was distantly followed by Togo (X tons), committing a 21% share of total imports. Mali (X tons) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the articles of asbestos-cement, of cellulose fibre-cement imports, with a CAGR of +44.2% from 2012 to 2021. At the same time, Mali (+16.8%) and Togo (+6.5%) displayed positive paces of growth. From 2012 to 2021, the share of Ghana increased by +67 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported articles of asbestos-cement, of cellulose fibre-cement in ECOWAS, comprising 66% of total imports. The second position in the ranking was held by Togo ($X), with a 9.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana amounted to +47.1%. In the other countries, the average annual rates were as follows: Togo (+2.0% per year) and Mali (+20.9% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, with an increase of 12% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 an increase of 68%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform