Western Africa: Market for Asphalt or Bitumen Articles 2025

Market Size for Asphalt or Bitumen Articles in Western Africa

In 2022, after two years of growth, there was decline in the West African asphalt or bitumen article market, when its value decreased by -1.9% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Asphalt or Bitumen Articles in Western Africa

In value terms, asphalt or bitumen article production declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Asphalt or Bitumen Articles

Exports in Western Africa

In 2022, approx. X tons of asphalt or bitumen articles were exported in Western Africa; surging by 11% compared with 2021 figures. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2018 with an increase of 116%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, asphalt or bitumen article exports totaled $X in 2022. Overall, exports, however, saw a dramatic descent. The growth pace was the most rapid in 2018 when exports increased by 67%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire was the major exporter of asphalt or bitumen articles in Western Africa, with the volume of exports reaching X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Senegal (X tons), constituting an 18% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to asphalt or bitumen article exports from Cote d'Ivoire stood at -7.9%. At the same time, Senegal (+18.1%) and Ghana (+1.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +18.1% from 2012-2022. From 2012 to 2022, the share of Senegal and Ghana increased by +16 and +1.8 percentage points, respectively.

In value terms, the largest asphalt or bitumen article supplying countries in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Ghana ($X), with a combined 100% share of total exports.

In terms of the main exporting countries, Senegal, with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, which is down by -6.8% against the previous year. In general, the export price saw a dramatic contraction. The pace of growth was the most pronounced in 2014 an increase of 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+13.0%), while the other leaders experienced a decline in the export price figures.

Imports of Asphalt or Bitumen Articles

Imports in Western Africa

In 2022, purchases abroad of asphalt or bitumen articles decreased by -9.6% to X tons, falling for the second year in a row after five years of growth. Overall, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, asphalt or bitumen article imports fell to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.8% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. The level of import peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

Cote d'Ivoire (X tons) and Nigeria (X tons) represented roughly 49% of total imports in 2022. Senegal (X tons) held the next position in the ranking, followed by Ghana (X tons), Mali (X tons) and Mauritania (X tons). All these countries together took near 33% share of total imports. Burkina Faso (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, together comprising 64% of total imports.

Cote d'Ivoire, with a CAGR of +13.5%, recorded the highest growth rate of 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

The import price in Western Africa stood at $X per ton in 2022, picking up by 7.1% against the previous year. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2019 when the import price increased by 11%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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