Africa: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Africa

The African asphalt or bitumen article market expanded significantly to $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2023 and is likely to see steady growth in the immediate term.

Production of Asphalt or Bitumen Articles in Africa

In value terms, asphalt or bitumen article production totaled $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2023 and is expected to retain growth in years to come.

Exports of Asphalt or Bitumen Articles

Exports in Africa

Asphalt or bitumen article exports skyrocketed to X tons in 2023, increasing by X% compared with 2022. Over the period under review, exports showed mild growth. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports soared to $X in 2023. Overall, exports, however, recorded a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Egypt prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Morocco (X tons), creating a X% share of total exports. Cote d'Ivoire (X tons) and South Africa (X tons) took a relatively small share of total exports.

Egypt experienced a relatively flat trend pattern with regard to volume of exports of asphalt or bitumen articles. At the same time, Morocco (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2023. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, South Africa (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Morocco increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest asphalt or bitumen article supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Egypt amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2022 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports in Africa

Asphalt or bitumen article imports totaled X tons in 2023, with an increase of X% compared with the previous year. In general, imports showed a mild expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, asphalt or bitumen article imports reduced slightly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria (X tons) and South Africa (X tons) represented the main importers of asphalt or bitumen articles in 2023, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Senegal (X tons), Morocco (X tons) and Cote d'Ivoire (X tons), together constituting a X% share of total imports. Kenya (X tons), Mauritius (X tons), Libya (X tons), Ghana (X tons), Cameroon (X tons), Ethiopia (X tons), Tunisia (X tons) and Tanzania (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Tanzania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest asphalt or bitumen article importing markets in Africa were Nigeria ($X), South Africa ($X) and Morocco ($X), with a combined X% share of total imports. Cote d'Ivoire, Mauritius, Libya, Cameroon, Kenya, Ethiopia, Senegal, Ghana, Tunisia and Tanzania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Tanzania, with a CAGR of X%, recorded the highest growth rate of 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 2023, the import price in Africa amounted to $X per ton, falling by X% against the previous year. In general, the import price recorded a slight downturn. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform