Western Africa: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Western Africa

The West African marble and travertine crude market reached $X in 2022, picking up by 2.9% against the previous year. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Western Africa

In value terms, marble and travertine crude production stood at $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18%. Over the period under review, crude production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine

Exports in Western Africa

In 2022, shipments abroad of marble and travertine was finally on the rise to reach X tons after three years of decline. Overall, exports, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 with an increase of 101% against the previous year. Over the period under review, the crude exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports skyrocketed to $X in 2022. Over the period under review, exports saw perceptible growth. The most prominent rate of growth was recorded in 2018 when exports increased by 644%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the crude exports failed to regain momentum.

Exports by Country

Togo dominates exports structure, finishing at X tons, which was near 97% of total exports in 2022. Cote d'Ivoire (X kg) held a relatively small share of total exports.

Togo was also the fastest-growing in terms of the marble and travertine exports, with a CAGR of -4.3% from 2012 to 2022. Cote d'Ivoire (-12.0%) illustrated a downward trend over the same period. Togo (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by -3.4% from 2012 to 2022, respectively.

In value terms, Togo ($X) remains the largest marble and travertine crude supplier in Western Africa, comprising 99% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Togo totaled +4.6%.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, growing by 43% against the previous year. In general, the export price recorded a prominent increase. The growth pace was the most rapid in 2018 an increase of 276% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat 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 Togo ($X per ton), while Cote d'Ivoire totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+9.4%).

Imports of Marble And Travertine

Imports in Western Africa

In 2022, supplies from abroad of marble and travertine decreased by -11.5% to X tons, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of 298%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, marble and travertine crude imports declined remarkably to $X in 2022. Overall, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 198%. Over the period under review, crude imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cote d'Ivoire (X tons) represented the major importer of marble and travertine, creating 42% of total imports. Nigeria (X tons) ranks second in terms of the total imports with a 20% share, followed by Mauritania (15%), Ghana (7.7%), Senegal (6.5%) and Togo (5.4%).

Cote d'Ivoire was also the fastest-growing in terms of the marble and travertine imports, with a CAGR of +10.2% from 2012 to 2022. At the same time, Ghana (+8.5%) and Mauritania (+3.6%) displayed positive paces of growth. By contrast, Togo (-2.4%), Nigeria (-7.9%) and Senegal (-10.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Mauritania and Ghana increased by +32, +8.1 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 72% of total imports.

Cote d'Ivoire, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Western Africa amounted to $X per ton, declining by -24.1% against the previous year. In general, the import price showed a mild slump. The growth pace was the most rapid in 2016 when the import price increased by 33%. The level of import peaked at $X per ton in 2021, and then fell markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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