Western Africa: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Western Africa

In 2021, the West African market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X after two years of decline. The total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.7% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Western Africa

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose significantly to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.4% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports in Western Africa

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates exported in Western Africa skyrocketed to X tons, jumping by 159% compared with the previous year's figure. Over the period under review, exports enjoyed a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 167% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. In general, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2019 with an increase of 168%. 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

Senegal (X tons) represented roughly 99% of total exports in 2021.

Senegal was also the fastest-growing in terms of the gravel, pebbles and crushed stone for concrete and road aggregates exports, with a CAGR of +8.1% from 2012 to 2021. While the share of Senegal (+2.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier in Western Africa.

From 2012 to 2021, the average annual rate of growth in terms of value in Senegal totaled -1.8%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, with a decrease of -17.2% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Senegal.

From 2012 to 2021, the rate of growth in terms of prices for Senegal amounted to -9.4% per year.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports in Western Africa

In 2021, imports of gravel, pebbles and crushed stone for concrete and road aggregates in Western Africa soared to X tons, growing by 24% compared with 2020. In general, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,268% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 346%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Mauritania dominates aggregates structure, finishing at X tons, which was near 86% of total imports in 2021. It was distantly followed by Gambia (X tons), creating an 8.2% share of total imports. Guinea-Bissau (X tons) held a relatively small share of total imports.

Mauritania was also the fastest-growing in terms of the gravel, pebbles and crushed stone for concrete and road aggregates imports, with a CAGR of +89.9% from 2012 to 2021. At the same time, Gambia (+6.2%) displayed positive paces of growth. By contrast, Guinea-Bissau (-1.5%) illustrated a downward trend over the same period. Mauritania (+84 p.p.) significantly strengthened its position in terms of the total imports, while Guinea-Bissau and Gambia saw its share reduced by -28.1% and -30.2% from 2012 to 2021, respectively.

In value terms, Mauritania ($X) constitutes the largest market for imported gravel, pebbles and crushed stone for concrete and road aggregates in Western Africa, comprising 87% of total imports. The second position in the ranking was taken by Gambia ($X), with a 3.2% share of total imports.

In Mauritania, imports of gravel, pebbles and crushed stone for concrete and road aggregates expanded at an average annual rate of +60.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Gambia (+1.7% per year) and Guinea-Bissau (-3.9% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, surging by 29% against the previous year. Overall, the import price, however, recorded a mild decline. The growth pace was the most rapid in 2018 an increase of 865% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the 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 Mauritania ($X per ton), while Gambia ($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-Bissau (-2.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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