Western Africa: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Western Africa

The West African market for ready-mixed concrete and factory made mortars expanded rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption recorded a strong expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Ready-Mixed Concrete And Factory Made Mortars in Western Africa

In value terms, production of ready-mixed concrete and factory made mortars expanded sharply to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Western Africa

In 2022, exports of ready-mixed concrete and factory made mortars in Western Africa expanded sharply to X tons, growing by X% compared with the previous year's figure. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, exports of ready-mixed concrete and factory made mortars contracted modestly to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Ghana represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. Cote d'Ivoire (X tons) held the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took near X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the ready-mixed concrete and factory made mortars exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Senegal (X%) and Nigeria (X%) displayed positive paces of growth. While the share of Ghana (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest ready-mixed concrete and factory made mortar supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with an X% share.

In Ghana, exports of ready-mixed concrete and factory made mortars expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Western Africa

In 2022, after six years of growth, there was significant decline in overseas purchases of ready-mixed concrete and factory made mortars, when their volume decreased by X% to X tons. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2021, and then shrank rapidly in the following year.

In value terms, imports of ready-mixed concrete and factory made mortars fell to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Senegal (X tons) and Cote d'Ivoire (X tons) represented the key importers of ready-mixed concrete and factory made mortars in 2022, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Ghana (X tons), Guinea (X tons), Nigeria (X tons), Benin (X tons), Sierra Leone (X tons) and Cabo Verde (X tons), together comprising a X% share of total imports.

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

In value terms, the largest ready-mixed concrete and factory made mortar importing markets in Western Africa were Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X), with a combined X% share of total imports.

In terms of the main importing countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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, growing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a 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 Benin ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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