ECOWAS: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in ECOWAS

The ECOWAS prepared additives for cements market expanded rapidly to $X in 2022, increasing by 5.5% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +94.9% against 2016 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Production of Prepared Additives For Cements, Mortars Or Concretes in ECOWAS

In value terms, prepared additives for cements production declined modestly to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports in ECOWAS

In 2022, shipments abroad of prepared additives for cements, mortars or concretes decreased by -14.4% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, showed strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 277% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, prepared additives for cements exports declined notably to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 321% against the previous year. The level of export peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Cote d'Ivoire was the largest exporter of prepared additives for cements, mortars or concretes in ECOWAS, with the volume of exports recording X tons, which was approx. 56% of total exports in 2022. Ghana (X tons) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (14%) and Nigeria (9.3%).

From 2012 to 2022, average annual rates of growth with regard to prepared additives for cements exports from Cote d'Ivoire stood at +15.1%. At the same time, Ghana (+36.0%), Senegal (+31.8%) and Nigeria (+7.1%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +36.0% from 2012-2022. From 2012 to 2022, the share of Ghana, Senegal and Cote d'Ivoire increased by +17, +11 and +8 percentage points, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest prepared additives for cements supplier in ECOWAS, comprising 55% of total exports. The second position in the ranking was taken by Ghana ($X), with a 20% share of total exports. It was followed by Senegal, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire totaled +6.6%. In the other countries, the average annual rates were as follows: Ghana (+29.3% per year) and Senegal (+19.5% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, declining by -6.9% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 43%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Nigeria ($X per ton) and Cote d'Ivoire ($X per ton), while Senegal ($X per ton) and Ghana ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+0.9%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports in ECOWAS

In 2022, imports of prepared additives for cements, mortars or concretes in ECOWAS expanded sharply to X tons, growing by 14% against 2021. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 60% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, prepared additives for cements imports surged to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 60%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Nigeria (X tons), Ghana (X tons), Senegal (X tons), Niger (X tons), Burkina Faso (X tons), Cote d'Ivoire (X tons) and Guinea (X tons) represented roughly 86% of total imports in 2022. It was distantly followed by Benin (X tons), achieving a 4.5% share of total imports. Togo (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +50.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared additives for cements importing markets in ECOWAS were Nigeria ($X), Niger ($X) and Ghana ($X), with a combined 53% share of total imports.

Niger, with a CAGR of +49.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 ECOWAS amounted to $X per ton, growing by 5.3% against the previous year. In general, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.9%. Over the period under review, import prices attained the peak figure at $X per ton 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 Niger ($X per ton), while Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (-0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform