Western Africa: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Western Africa

The West African marble and travertine blocks market totaled $X in 2022, leveling off at the previous year. In general, consumption continues to indicate a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine Blocks And Slabs in Western Africa

In value terms, marble and travertine blocks production rose modestly to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 12%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in Western Africa

In 2022, approx. X tons of marble and travertine blocks and slabs were exported in Western Africa; shrinking by -20.6% on the year before. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,333%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, marble and travertine blocks exports reduced to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 302%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Nigeria prevails in exports structure, amounting to X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Liberia (X tons), making up a 5.4% share of total exports. Togo (X tons) followed a long way behind the leaders.

Exports from Nigeria decreased at an average annual rate of -22.6% from 2012 to 2022. At the same time, Liberia (+19.4%) and Togo (+1.3%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +19.4% from 2012-2022. Nigeria (+92 p.p.) significantly strengthened its position in terms of the total exports, while Liberia and Togo saw its share reduced by -15.8% and -32% from 2012 to 2022, respectively.

In value terms, Nigeria ($X), Liberia ($X) and Togo ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 100% of total exports.

In terms of the main exporting countries, Liberia, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, with an increase of 18% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 116%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+13.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Marble And Travertine Blocks And Slabs

Imports in Western Africa

In 2022, the amount of marble and travertine blocks and slabs imported in Western Africa reduced markedly to X tons, falling by -30% against 2021 figures. Overall, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. 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 blocks imports shrank rapidly to $X in 2022. In general, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when imports increased by 122%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Cote d'Ivoire (X tons) and Senegal (X tons) represented roughly 65% of total imports in 2022. Nigeria (X tons) ranks next in terms of the total imports with a 15% share, followed by Cabo Verde (6%) and Ghana (5.1%). The following importers - Mali (X tons) and Togo (X tons) - each amounted to a 4.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cabo Verde (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine blocks importing markets in Western Africa were Cote d'Ivoire ($X), Senegal ($X) and Nigeria ($X), together comprising 75% of total imports. Mali, Ghana, Cabo Verde and Togo lagged somewhat behind, together accounting for a further 19%.

Cabo Verde, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, in terms of 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, approximately mirroring the previous year. Over the period under review, the import price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2017 an increase of 17%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mali ($X per ton), while Cabo Verde ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+7.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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