ECOWAS: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in ECOWAS

In 2022, the ECOWAS market for boards, sheets, panels, or tiles of gypsum or plaster increased by X% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in ECOWAS

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports in ECOWAS

In 2022, shipments abroad of boards, sheets, panels, or tiles of gypsum or plaster increased by X% to X square meters, rising for the second year in a row after two years of decline. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria prevails in plaster structure, amounting to X square meters, which was approx. X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X square meters), achieving a X% share of total exports. Ghana (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the boards, sheets, panels, or tiles of gypsum or plaster exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Cote d'Ivoire increased by X and X percentage points, respectively.

In value terms, Nigeria ($X) emerged as the largest board, sheet, panel, tile and similar article of plaster supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Nigeria, exports of boards, sheets, panels, or tiles of gypsum or plaster increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per square meter, shrinking by X% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Nigeria ($X per square meter) was amongst the lowest.

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

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports in ECOWAS

In 2022, approx. X square meters of boards, sheets, panels, or tiles of gypsum or plaster were imported in ECOWAS; growing by X% compared with the previous year's figure. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster rose notably to $X in 2022. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Nigeria was the main importing country with an import of around X square meters, which finished at X% of total imports. Ghana (X square meters) took the second position in the ranking, distantly followed by Cote d'Ivoire (X square meters). All these countries together held near X% share of total imports. The following importers - Senegal (X square meters), Cabo Verde (X square meters), Guinea (X square meters) and Benin (X square meters) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to board, sheet, panel, tile and similar article of plaster imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Benin (X%), Senegal (X%), Ghana (X%), Guinea (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cabo Verde (X p.p.), Ghana (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, Nigeria ($X) constitutes the largest market for imported boards, sheets, panels, or tiles of gypsum or plaster in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per square meter, which is down by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Benin ($X per square meter), while Cote d'Ivoire ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform