Western Africa: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Western Africa

In 2021, the West African market for prefabricated buildings of plastics, concrete or aluminium increased by 12% to $X for the first time since 2017, thus ending a three-year declining trend. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Western Africa

In value terms, production of prefabricated buildings of plastics, concrete or aluminium fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 71%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports in Western Africa

Exports of prefabricated buildings of plastics, concrete or aluminium contracted significantly to X tons in 2021, which is down by -43.3% against 2020 figures. Overall, exports showed a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of 261% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 159% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Ghana (X tons), distantly followed by Mali (X tons), Mauritania (X tons), Senegal (X tons), Cote d'Ivoire (X tons) and Benin (X tons) were the key exporters of prefabricated buildings of plastics, concrete or aluminium, together committing 89% of total exports. Niger (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Niger (with a CAGR of +55.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X) remains the largest prefabricated buildings of plastics, concrete or aluminium supplier in Western Africa, comprising 39% of total exports. The second position in the ranking was taken by Mali ($X), with a 14% share of total exports. It was followed by Senegal, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana amounted to -15.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+18.2% per year) and Senegal (-4.6% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, growing by 1.6% against the previous year. In general, the export price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the export price increased by 13%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Niger (+4.1%), while the other leaders experienced a decline in the export price figures.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports in Western Africa

In 2021, imports of prefabricated buildings of plastics, concrete or aluminium in Western Africa soared to X tons, jumping by 31% against 2020 figures. Total imports indicated strong growth from 2012 to 2021: its volume 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, imports increased by +35.3% against 2018 indices. Over the period under review, imports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium skyrocketed to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +85.5% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 69% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The purchases of the four major importers of prefabricated buildings of plastics, concrete or aluminium, namely Cote d'Ivoire, Ghana, Benin and Nigeria, represented more than half of total import. Senegal (X tons) ranks next in terms of the total imports with a 6.7% share, followed by Guinea (6.5%), Mali (6.1%), Liberia (5.8%) and Niger (5.7%).

From 2012 to 2021, the biggest increases were recorded for Benin (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mali ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 48% share of total imports.

Mali, with a CAGR of +39.6%, recorded 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

The import price in Western Africa stood at $X per ton in 2021, surging by 29% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 42%. As a result, import price attained the peak level of $X per ton. From 2014 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 Mali ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+17.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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