Report Update Nov 1, 2024

Western Africa - Articles of Bitumen in Rolls - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Western Africa

In 2021, the West African rolled bitumen articles market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Rolled Bitumen Articles Production in Western Africa

In value terms, rolled bitumen articles production rose remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 46% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Rolled Bitumen Articles Exports

Exports in Western Africa

In 2021, overseas shipments of articles of bitumen in rolls decreased by -41.4% to X square meters, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 125%. As a result, the exports reached the peak of X square meters. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, rolled bitumen articles exports dropped remarkably to $X in 2021. Overall, exports recorded a dramatic descent. The growth pace was the most rapid in 2018 when exports increased by 84%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Cote d'Ivoire (X square meters) was the largest exporter of articles of bitumen in rolls, generating 87% of total exports. It was distantly followed by Ghana (X square meters), creating a 12% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rolled bitumen articles exports from Cote d'Ivoire stood at -13.7%. At the same time, Ghana (+1.6%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +1.6% from 2012-2021. From 2012 to 2021, the share of Ghana increased by +9 percentage points.

In value terms, Cote d'Ivoire ($X) remains the largest rolled bitumen articles supplier in Western Africa, comprising 87% of total exports. The second position in the ranking was taken by Ghana ($X), with a 12% share of total exports.

In Cote d'Ivoire, rolled bitumen articles exports contracted by an average annual rate of -19.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per square meter, dropping by -27.5% against the previous year. Over the period under review, the export price continues to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 13%. The level of export peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Cote d'Ivoire totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+4.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of bitumen in rolls in Western Africa?

The countries with the highest volumes of rolled bitumen articles consumption in 2021 were Cote d'Ivoire, Guinea and Nigeria, with a combined 91% share of total consumption.

What are the largest producers of articles of bitumen in rolls in Western Africa?

The countries with the highest volumes of rolled bitumen articles production in 2021 were Cote d'Ivoire and Guinea.

What are the leading exporters of articles of bitumen in rolls in Western Africa?

In value terms, Cote d'Ivoire remains the largest rolled bitumen articles supplier in Western Africa, comprising 74% of total exports. The second position in the ranking was occupied by Senegal, with a 24% share of total exports.

What are the leading importers of articles of bitumen in rolls in Western Africa?

In value terms, Nigeria, Cote d'Ivoire and Senegal constituted the countries with the highest levels of imports in 2021, together comprising 65% of total imports. Ghana, Togo, Burkina Faso and Mauritania lagged somewhat behind, together comprising a further 21%.

What is the average export price for articles of bitumen in rolls in Western Africa?

In 2021, the rolled bitumen articles export price in Western Africa amounted to $1.7 per square meter, reducing by -15.4% against the previous year.

What is the average import price for articles of bitumen in rolls in Western Africa?

The rolled bitumen articles import price in Western Africa stood at $1.9 per square meter in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the rolled bitumen articles market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023