Western Africa: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in Western Africa

The West African gypsum and anhydrite market was estimated at $X in 2021, rising by 4.2% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +99.7% against 2015 indices. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Gypsum And Anhydrite Production in Western Africa

In value terms, gypsum and anhydrite production amounted to $X in 2021 estimated in export price. Overall, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 124% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Gypsum And Anhydrite Exports

Exports in Western Africa

In 2021, shipments abroad of gypsum and anhydrite decreased by -29.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 210% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, gypsum and anhydrite exports reduced dramatically to $X in 2021. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 331% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Benin was the main exporter of gypsum and anhydrite in Western Africa, with the volume of exports recording X tons, which was approx. 53% of total exports in 2021. Togo (X tons) took the second position in the ranking, distantly followed by Mauritania (X tons). All these countries together took approx. 43% share of total exports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mauritania (with a CAGR of +37.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest gypsum and anhydrite supplying countries in Western Africa were Togo ($X), Benin ($X) and Mauritania ($X), with a combined 97% share of total exports.

Mauritania, with a CAGR of +30.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, with a decrease of -9.3% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gypsum and anhydrite export price increased by +108.6% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 39% against the previous year. The level of export peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Togo (+10.2%), while the other leaders experienced a decline in the export price figures.

Gypsum And Anhydrite Imports

Imports in Western Africa

In 2021, after five years of growth, there was decline in purchases abroad of gypsum and anhydrite, when their volume decreased by -3.2% to X tons. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.7% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, imports reached the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, gypsum and anhydrite imports skyrocketed to $X in 2021. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 66%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Nigeria (X tons) was the key importer of gypsum and anhydrite, constituting 34% of total imports. Senegal (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (11%), Benin (11%), Togo (8.9%), Burkina Faso (8.4%) and Cote d'Ivoire (8%).

From 2012 to 2021, average annual rates of growth with regard to gypsum and anhydrite imports into Nigeria stood at +7.9%. At the same time, Burkina Faso (+25.5%), Senegal (+20.6%), Togo (+8.8%), Benin (+7.9%) and Cote d'Ivoire (+3.4%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +25.5% from 2012-2021. By contrast, Ghana (-2.4%) illustrated a downward trend over the same period. Senegal (+8.2 p.p.), Burkina Faso (+6.3 p.p.) and Nigeria (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire and Ghana saw its share reduced by -3.1% and -15.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported gypsum and anhydrite in Western Africa, comprising 69% of total imports. The second position in the ranking was taken by Ghana ($X), with a 6.8% share of total imports. It was followed by Benin, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria stood at +14.7%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-1.3% per year) and Benin (+6.7% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, surging by 39% against the previous year. Import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gypsum and anhydrite import price increased by +109.9% against 2018 indices. The growth pace was the most rapid in 2020 when the import price increased by 43% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: 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 Senegal (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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