Western Africa: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Western Africa

The West African market for articles of asbestos-cement, of cellulose fibre-cement dropped slightly to $X in 2021, waning by -4.9% against the previous year. Overall, consumption faced a abrupt decline. The most prominent rate of growth was recorded in 2020 when the market value increased by 8.9% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Western Africa

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement dropped slightly to $X in 2021 estimated in export price. In general, production faced a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 3%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports in Western Africa

After two years of growth, shipments abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -67.6% to X tons in 2021. Over the period under review, exports saw a sharp decline. The pace of growth was the most pronounced in 2015 with an increase of 197%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement fell significantly to $X in 2021. Overall, exports saw a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of 200%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Senegal was the largest exporting country with an export of about X tons, which amounted to 58% of total exports. It was distantly followed by Ghana (X tons), achieving a 42% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of -20.6%).

In value terms, Senegal ($X) remains the largest articles of asbestos-cement, of cellulose fibre-cement supplier in Western Africa, comprising 83% of total exports. The second position in the ranking was taken by Ghana ($X), with a 17% share of total exports.

In Senegal, exports of articles of asbestos-cement, of cellulose fibre-cement shrank by an average annual rate of -26.6% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, declining by -48.1% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2016 when the export price increased by 174%. The level of export peaked at $X per ton in 2020, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+12.4%).

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports in Western Africa

After two years of growth, supplies from abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -16.6% to X tons in 2021. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 243%. Over the period under review, imports of attained the maximum at X tons in 2020, and then fell remarkably in the following year.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement declined to $X in 2021. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 184% against the previous year. The level of import peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Ghana represented the major importing country with an import of around X tons, which amounted to 75% of total imports. It was distantly followed by Togo (X tons), making up a 21% share of total imports. Mali (X tons) took a minor share of total imports.

Ghana was also the fastest-growing in terms of the articles of asbestos-cement, of cellulose fibre-cement imports, with a CAGR of +44.2% from 2012 to 2021. At the same time, Mali (+16.8%) and Togo (+6.5%) displayed positive paces of growth. While the share of Ghana (+67 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Togo (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported articles of asbestos-cement, of cellulose fibre-cement in Western Africa, comprising 65% of total imports. The second position in the ranking was taken by Togo ($X), with a 9.2% share of total imports.

In Ghana, imports of articles of asbestos-cement, of cellulose fibre-cement expanded at an average annual rate of +47.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Togo (+2.0% per year) and Mali (+20.9% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, growing by 12% against the previous year. Overall, the import price, however, saw a noticeable setback. The growth pace was the most rapid in 2013 an increase of 68%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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