Western Africa: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Western Africa

After two years of growth, the West African market for building blocks and bricks of cement, concrete or artificial stone decreased by -12.6% to $X in 2021. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.9% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Western Africa

In value terms, production of building blocks and bricks of cement, concrete or artificial stone dropped to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.9% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X, and then reduced in the following year.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports in Western Africa

In 2021, the amount of building blocks and bricks of cement, concrete or artificial stone exported in Western Africa declined modestly to X tons, reducing by -3.2% on 2020 figures. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 13% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone contracted sharply to $X in 2021. Over the period under review, exports saw a sharp curtailment. The smallest decline of -8% was in 2020. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of building blocks and bricks of cement, concrete or artificial stone, namely Guinea, Senegal and Nigeria, represented more than two-thirds of total export. Cote d'Ivoire (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +53.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Guinea ($X) remains the largest building blocks and bricks of cement, concrete or artificial stone supplier in Western Africa, comprising 70% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 16% share of total exports. It was followed by Senegal, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Guinea stood at -18.1%. In the other countries, the average annual rates were as follows: Nigeria (+71.1% per year) and Senegal (-33.3% per year).

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, with a decrease of -17% against the previous year. In general, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+11.7%), while the other leaders experienced a decline in the export price figures.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports in Western Africa

In 2021, the amount of building blocks and bricks of cement, concrete or artificial stone imported in Western Africa surged to X tons, jumping by 195% compared with 2020 figures. Overall, imports continue to indicate prominent growth. The growth pace was the most rapid in 2018 when imports increased by 265% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Nigeria (X tons) represented the major importer of building blocks and bricks of cement, concrete or artificial stone, generating 76% of total imports. It was distantly followed by Guinea (X tons), mixing up a 10% share of total imports. Guinea-Bissau (X tons), Ghana (X tons), Sierra Leone (X tons) and Togo (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the building blocks and bricks of cement, concrete or artificial stone imports, with a CAGR of +49.9% from 2012 to 2021. At the same time, Sierra Leone (+38.1%), Guinea-Bissau (+32.4%), Ghana (+19.7%), Guinea (+9.9%) and Togo (+6.1%) displayed positive paces of growth. Nigeria (+67 p.p.), Guinea-Bissau (+2.7 p.p.) and Sierra Leone (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Togo and Guinea saw its share reduced by -2.7% and -10.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported building blocks and bricks of cement, concrete or artificial stone in Western Africa, comprising 64% of total imports. The second position in the ranking was held by Guinea ($X), with a 21% share of total imports. It was followed by Sierra Leone, with a 4.8% share.

In Nigeria, imports of building blocks and bricks of cement, concrete or artificial stone increased at an average annual rate of +44.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Guinea (+15.9% per year) and Sierra Leone (+39.5% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, jumping by 37% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 86%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sierra Leone ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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