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Report Western Africa - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Western Africa

In 2021, the West African bituminous mixtures market decreased by -15.7% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption continues to indicate a mild decrease. As a result, consumption attained the peak level of $X, and then fell significantly in the following year.

Bituminous Mixtures Production in Western Africa

In value terms, bituminous mixtures production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 29%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bituminous Mixtures Exports

Exports in Western Africa

In 2021, shipments abroad of bituminous mixtures increased by 1,180% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,223%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, bituminous mixtures exports soared to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 6,023%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

Togo dominates exports structure, amounting to X tons, which was near 92% of total exports in 2021. It was distantly followed by Ghana (X tons), committing a 7.5% share of total exports.

Togo was also the fastest-growing in terms of the bituminous mixtures exports, with a CAGR of +2,178.3% from 2012 to 2021. At the same time, Ghana (+128.7%) displayed positive paces of growth. While the share of Togo (+92 p.p.) and Ghana (+5.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest bituminous mixtures supplier in Western Africa, comprising 93% of total exports. The second position in the ranking was held by Ghana ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Togo stood at +99.8%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, falling by -84.4% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 363% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted dramatically in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Togo ($X per ton), while Ghana stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (-17.7%).

Bituminous Mixtures Imports

Imports in Western Africa

In 2021, bituminous mixtures imports in Western Africa expanded significantly to X tons, rising by 7.4% on the previous year's figure. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 139% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bituminous mixtures imports skyrocketed to $X in 2021. In general, imports enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 with an increase of 212% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Senegal (X tons) and Benin (X tons) prevails in imports structure, together making up 89% of total imports. Nigeria (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Benin (with a CAGR of +57.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures importing markets in Western Africa were Benin ($X), Senegal ($X) and Nigeria ($X), together comprising 86% of total imports.

Benin, with a CAGR of +50.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, with an increase of 9.4% against the previous year. Over the period under review, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Niger, Cote d'Ivoire and Benin, together accounting for 80% of total consumption.
The countries with the highest volumes of in 2021 were Niger, Cote d'Ivoire and Benin, with a combined 80% share of total production.
In value terms, the largest bituminous mixtures supplying countries in Western Africa were Togo, Benin and Cote d'Ivoire, together accounting for 99% of total exports.
In value terms, Benin, Senegal and Nigeria constituted the countries with the highest levels of imports in 2021, together accounting for 84% of total imports.
In 2021, the export price in Western Africa amounted to $632 per ton, growing by 8.5% against the previous year.
The import price in Western Africa stood at $490 per ton in 2021, picking up by 11% against the previous year.

This report provides an in-depth analysis of the bituminous mixtures 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 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

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