Western Africa: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Western Africa

The West African marble granules and powder market reached $X in 2021, picking up by 14% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Granules, Chippings And Powder Of Marble in Western Africa

In value terms, marble granules and powder production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 73% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports in Western Africa

In 2021, the amount of granules, chippings and powder of marble exported in Western Africa skyrocketed to X tons, jumping by 190% against 2020 figures. In general, exports, however, recorded a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 4,760%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble granules and powder exports surged to $X in 2021. Overall, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 1,308% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso was the largest exporter of granules, chippings and powder of marble in Western Africa, with the volume of exports accounting for X tons, which was approx. 72% of total exports in 2021. It was distantly followed by Ghana (X tons), generating a 28% share of total exports.

Burkina Faso experienced a relatively flat trend pattern with regard to volume of exports of granules, chippings and powder of marble. Ghana (-13.8%) illustrated a downward trend over the same period. While the share of Burkina Faso (+72 p.p.) and Ghana (+25 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Burkina Faso ($X) emerged as the largest marble granules and powder supplier in Western Africa, comprising 79% of total exports. The second position in the ranking was taken by Ghana ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Burkina Faso was relatively modest.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, surging by 160% against the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2016 an increase of 291% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Ghana amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ghana (+1.8%).

Imports of Granules, Chippings And Powder Of Marble

Imports in Western Africa

In 2021, the amount of granules, chippings and powder of marble imported in Western Africa totaled X tons, remaining relatively unchanged against 2020. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2015 with an increase of 344% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, marble granules and powder imports contracted to $X in 2021. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 314%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the major importer of granules, chippings and powder of marble in Western Africa, with the volume of imports accounting for X tons, which was approx. 61% of total imports in 2021. Nigeria (X tons) held the second position in the ranking, followed by Ghana (X tons). All these countries together took approx. 31% share of total imports. Senegal (X tons) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the granules, chippings and powder of marble imports, with a CAGR of +49.3% from 2012 to 2021. At the same time, Ghana (+31.6%) and Nigeria (+24.5%) displayed positive paces of growth. By contrast, Senegal (-15.0%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (+56 p.p.), Nigeria (+10 p.p.) and Ghana (+10 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Senegal (-30 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 88% of total imports.

Cote d'Ivoire, with a CAGR of +40.8%, 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 2021, the import price in Western Africa amounted to $X per ton, shrinking by -10.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 24%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Cote d'Ivoire ($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 (+3.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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