ECOWAS: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2025

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in ECOWAS

After two years of growth, the ECOWAS market for building blocks and bricks of cement, concrete or artificial stone decreased by -12.6% to $X in 2021. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.0% against 2018 indices. As a result, consumption reached the peak level of $X, and then fell in the following year.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in ECOWAS

In value terms, production of building blocks and bricks of cement, concrete or artificial stone contracted to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.9% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 32%. As a result, production attained the peak level of $X, and then fell in the following year.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports in ECOWAS

In 2021, approx. X tons of building blocks and bricks of cement, concrete or artificial stone were exported in ECOWAS; waning by -3.2% against 2020. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 13%. Over the period under review, the exports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone fell significantly to $X in 2021. In general, exports showed a dramatic setback. The smallest decline of -8% was in 2020. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of building blocks and bricks of cement, concrete or artificial stone, namely Guinea, Senegal and Nigeria, represented more than two-thirds of total export. Cote d'Ivoire (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +53.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Guinea ($X) remains the largest building blocks and bricks of cement, concrete or artificial stone supplier in ECOWAS, comprising 70% of total exports. The second position in the ranking was held by Nigeria ($X), with a 16% share of total exports. It was followed by Senegal, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Guinea amounted to -18.1%. In the other countries, the average annual rates were as follows: Nigeria (+71.1% per year) and Senegal (-33.3% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, falling by -17% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 26% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Guinea ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+11.7%), while the other leaders experienced a decline in the export price figures.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports in ECOWAS

In 2021, imports of building blocks and bricks of cement, concrete or artificial stone in ECOWAS soared to X tons, with an increase of 198% against 2020 figures. In general, imports posted a significant expansion. The growth pace was the most rapid in 2018 with an increase of 324%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone surged to $X in 2021. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 441% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Nigeria was the largest importing country with an import of about X tons, which recorded 76% of total imports. It was distantly followed by Guinea (X tons), creating a 10% share of total imports. Guinea-Bissau (X tons), Ghana (X tons), Sierra Leone (X tons) and Togo (X tons) held a relatively small share of total imports.

Nigeria was also the fastest-growing in terms of the building blocks and bricks of cement, concrete or artificial stone imports, with a CAGR of +49.9% from 2012 to 2021. At the same time, Sierra Leone (+38.1%), Guinea-Bissau (+32.4%), Ghana (+19.7%), Guinea (+9.9%) and Togo (+6.1%) displayed positive paces of growth. From 2012 to 2021, the share of Nigeria and Guinea-Bissau increased by +64 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported building blocks and bricks of cement, concrete or artificial stone in ECOWAS, comprising 64% of total imports. The second position in the ranking was taken by Guinea ($X), with a 21% share of total imports. It was followed by Sierra Leone, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +44.8%. The remaining importing countries recorded the following average annual rates of imports growth: Guinea (+15.9% per year) and Sierra Leone (+39.5% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2021, surging by 39% against the previous year. In general, the import price showed a mild increase. The pace of growth appeared the most rapid in 2014 when the import price increased by 89% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sierra Leone ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform