ECOWAS: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in ECOWAS

The ECOWAS cellulose fibrecement sheet market was estimated at $X in 2023, standing approx. at the previous year. Over the period under review, consumption saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Cellulose Fibrecement Sheet Production in ECOWAS

In value terms, cellulose fibrecement sheet production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports in ECOWAS

In 2023, approx. X tons of sheets, panels and tiles of cellulose fibrecement were exported in ECOWAS; rising by X% compared with 2022 figures. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cellulose fibrecement sheet exports surged to $X in 2023. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ghana prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Cote d'Ivoire (X tons), mixing up an 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 sheets, panels and tiles of cellulose fibrecement exports, with a CAGR of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics.

In value terms, Ghana ($X) remains the largest cellulose fibrecement sheet supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, jumping by X% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

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 Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced a decline in the export price figures.

Cellulose Fibrecement Sheet Imports

Imports in ECOWAS

In 2023, the amount of sheets, panels and tiles of cellulose fibrecement imported in ECOWAS reduced to X tons, waning by X% on 2022. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, cellulose fibrecement sheet imports shrank to $X in 2023. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of sheets, panels and tiles of cellulose fibrecement, namely Senegal, Ghana and Benin, represented more than two-thirds of total import. Togo (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%). Cabo Verde (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key 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 cellulose fibrecement sheet importing markets in ECOWAS were Ghana ($X), Senegal ($X) and Benin ($X), with a combined X% share of total imports.

Among 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

The import price in ECOWAS stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform