ECOWAS: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in ECOWAS

The ECOWAS market for tiles, flagstones and similar articles of cement, concrete or artificial stone reached $X in 2021, remaining constant against the previous year. Overall, consumption recorded a strong increase. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in ECOWAS

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone reached $X in 2021 estimated in export price. In general, production continues to indicate a prominent increase. The growth pace was the most rapid in 2016 with an increase of 49%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in ECOWAS

In 2021, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone in ECOWAS contracted markedly to X tons, shrinking by -57.3% compared with the previous year's figure. Overall, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2017 with an increase of 112% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone dropped rapidly to $X in 2021. Over the period under review, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2017 with an increase of 188%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Togo represented the largest exporter of tiles, flagstones and similar articles of cement, concrete or artificial stone in ECOWAS, with the volume of exports reaching X tons, which was near 57% of total exports in 2021. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a 22% share, followed by Ghana (9.1%), Senegal (5.1%) and Nigeria (4.7%). Burkina Faso (X tons) followed a long way behind the leaders.

Togo experienced a relatively flat trend pattern with regard to volume of exports of tiles, flagstones and similar articles of cement, concrete or artificial stone. Cote d'Ivoire (-11.4%), Nigeria (-14.7%), Burkina Faso (-19.9%), Ghana (-20.8%) and Senegal (-32.9%) illustrated a downward trend over the same period. Togo (+51 p.p.), Cote d'Ivoire (+16 p.p.), Nigeria (+2.8 p.p.) and Ghana (+2 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -12.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplying countries in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Togo ($X), together accounting for 75% of total exports.

In terms of the main exporting countries, Togo, with a CAGR of -9.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, falling by -49.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 105% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+16.4%), while the other leaders experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in ECOWAS

Imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to X tons in 2021, jumping by 52% on 2020 figures. Overall, imports posted a tangible increase. The growth pace was the most rapid in 2019 when imports increased by 64%. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. In general, imports saw a temperate expansion. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Senegal (X tons) represented the key importer of tiles, flagstones and similar articles of cement, concrete or artificial stone, creating 32% of total imports. Ghana (X tons) ranks second in terms of the total imports with a 16% share, followed by Guinea (9.4%), Togo (9.4%), Cote d'Ivoire (8.7%), Cabo Verde (6.8%) and Nigeria (6.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of +17.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Guinea ($X) and Senegal ($X) were the countries with the highest levels of imports in 2021, together accounting for 61% of total imports. Cote d'Ivoire, Nigeria, Togo and Cabo Verde lagged somewhat behind, together comprising a further 30%.

Cote d'Ivoire, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in ECOWAS stood at $X per ton in 2021, growing by 14% against the previous year. Import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +37.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the import price increased by 44%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform