Western Africa: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Western Africa

The West African market for articles of cellulose fibre-cement, not containing asbestos expanded markedly to $X in 2022, rising by 7.3% against the previous year. Overall, consumption showed a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Western Africa

In value terms, production of articles of cellulose fibre-cement, not containing asbestos rose notably to $X in 2022 estimated in export price. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 30%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports in Western Africa

After two years of growth, shipments abroad of articles of cellulose fibre-cement, not containing asbestos decreased by -72.4% to X tons in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2015 with an increase of 1,549%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos contracted notably to $X in 2022. Over the period under review, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 366% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nigeria dominates asbestos structure, reaching X tons, which was near 97% of total exports in 2022. Cote d'Ivoire (X kg) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the articles of cellulose fibre-cement, not containing asbestos exports, with a CAGR of +5.7% from 2012 to 2022. Cote d'Ivoire (-26.3%) illustrated a downward trend over the same period. Nigeria (+88 p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by -6.6% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest articles of cellulose fibre-cement, not containing asbestos supplier in Western Africa, comprising 90% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 9.5% share of total exports.

In Nigeria, exports of articles of cellulose fibre-cement, not containing asbestos expanded at an average annual rate of +3.5% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, surging by 33% against the previous year. Overall, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2014 when the export price increased by 260%. 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-2.0%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports in Western Africa

In 2022, imports of articles of cellulose fibre-cement, not containing asbestos in Western Africa soared to X tons, picking up by 43% compared with the previous year. In general, imports, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2020 with an increase of 125% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 186%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Nigeria represented the main importer of articles of cellulose fibre-cement, not containing asbestos in Western Africa, with the volume of imports amounting to X tons, which was near 59% of total imports in 2022. Togo (X tons) ranks second in terms of the total imports with a 13% share, followed by Mali (5.5%) and Saint Helena, Ascension and Tristan da Cunha (4.6%). The following importers - Cote d'Ivoire (X tons), Gambia (X tons) and Ghana (X tons) - each resulted at a 9.6% share of total imports.

Imports into Nigeria increased at an average annual rate of +11.2% from 2012 to 2022. At the same time, Gambia (+33.2%), Cote d'Ivoire (+15.4%), Togo (+12.6%), Saint Helena, Ascension and Tristan da Cunha (+8.4%) and Mali (+1.1%) displayed positive paces of growth. Moreover, Gambia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +33.2% from 2012-2022. By contrast, Ghana (-28.0%) illustrated a downward trend over the same period. While the share of Nigeria (+45 p.p.), Togo (+10 p.p.), Saint Helena, Ascension and Tristan da Cunha (+3.2 p.p.), Gambia (+3.1 p.p.), Cote d'Ivoire (+2.7 p.p.) and Mali (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (-53.1 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in Western Africa, comprising 73% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 13% share of total imports. It was followed by Mali, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at +16.2%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (+26.8% per year) and Mali (+1.3% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, rising by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2015 when the import price increased by 51% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Saint Helena, Ascension and Tristan da Cunha ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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