Western Africa: Market for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster 2024

Market Size for Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Western Africa

In 2022, the West African market for boards, sheets, panels, or tiles of gypsum or plaster increased by X% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster in Western Africa

In value terms, production of boards, sheets, panels, or tiles of gypsum or plaster rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Exports in Western Africa

In 2022, shipments abroad of boards, sheets, panels, or tiles of gypsum or plaster increased by X% to X square meters, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of boards, sheets, panels, or tiles of gypsum or plaster soared to $X in 2022. Overall, exports posted a prominent expansion. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria prevails in plaster structure, recording X square meters, which was near X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X square meters), generating a X% share of total exports. Ghana (X square meters) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the boards, sheets, panels, or tiles of gypsum or plaster exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) emerged as the largest board, sheet, panel, tile and similar article of plaster supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per square meter, waning by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Nigeria ($X per square meter) was amongst the lowest.

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

Imports of Boards, Sheets, Panels, or Tiles of Gypsum or Plaster

Imports in Western Africa

For the third consecutive year, Western Africa recorded growth in purchases abroad of boards, sheets, panels, or tiles of gypsum or plaster, which increased by X% to X square meters in 2022. In general, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of boards, sheets, panels, or tiles of gypsum or plaster surged to $X in 2022. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importing country with an import of about X square meters, which amounted to X% of total imports. Ghana (X square meters) took the second position in the ranking, followed by Mauritania (X square meters) and Cote d'Ivoire (X square meters). All these countries together took near X% share of total imports. Senegal (X square meters), Cabo Verde (X square meters) and Guinea (X square meters) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mauritania (X%), Cote d'Ivoire (X%), Senegal (X%), Ghana (X%), Guinea (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Mauritania (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Cabo Verde, Ghana and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported boards, sheets, panels, or tiles of gypsum or plaster in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, imports of boards, sheets, panels, or tiles of gypsum or plaster increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per square meter in 2022, shrinking by X% against the previous year. Overall, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per square meter), while Mauritania ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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