Western Africa: Market for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders 2024

Market Size for Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Western Africa

The West African market for boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders in Western Africa

In value terms, production of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders stood at $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2022, production of growth remained at a lower figure.

Exports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Exports in Western Africa

Exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders dropped dramatically to X square meters in 2022, which is down by X% on the previous year. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports of attained the maximum at X square meters in 2021, and then shrank dramatically in the following year.

In value terms, exports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders rose sharply to $X in 2022. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria represented the largest exporting country with an export of around X square meters, which recorded X% of total exports. It was distantly followed by Togo (X square meters) and Senegal (X square meters), together achieving a X% share of total exports. The following exporters - Benin (X square meters) and Ghana (X square meters) - each reached a X% share of total exports.

Exports from Nigeria decreased at an average annual rate of X% from 2012 to 2022. Togo experienced a relatively flat trend pattern. Ghana (X%), Senegal (X%) and Benin (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Togo (X p.p.), Senegal (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders supplying countries in Western Africa were Senegal ($X), Nigeria ($X) and Togo ($X), together comprising X% of total exports.

In terms of the main exporting countries, Senegal, with a CAGR of X%, 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

The export price in Western Africa stood at $X per thousand square meters in 2022, rising by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per thousand square meters. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per thousand square meters), while Nigeria ($X per thousand square meters) 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 mixed trends in the export price figures.

Imports of Boards, Blocks And Similar Articles Of Vegetable Fibre, Agglomerated With Mineral Binders

Imports in Western Africa

In 2022, supplies from abroad of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders was finally on the rise to reach X square meters after seven years of decline. In general, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X square meters. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders fell to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Nigeria represented the key importer of boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders in Western Africa, with the volume of imports finishing at X square meters, which was approx. X% of total imports in 2022. It was distantly followed by Ghana (X square meters) and Senegal (X square meters), together achieving a X% share of total imports. Cote d'Ivoire (X square meters), Guinea (X square meters) and Burkina Faso (X square meters) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to boards, blocks and similar articles of vegetable fibre, agglomerated with mineral binders imports into Nigeria stood at X%. At the same time, Senegal (X%), Cote d'Ivoire (X%), Burkina Faso (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) illustrated a downward trend over the same period. Ghana (X p.p.), Senegal (X p.p.), Cote d'Ivoire (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Senegal, Guinea and Burkina Faso lagged somewhat behind, together accounting for a further X%.

Senegal, with a CAGR of X%, recorded 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 thousand square meters, falling by X% against the previous year. In general, the import price, however, continues to indicate a slight expansion. The pace of growth was the most pronounced in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per thousand square meters, and then declined dramatically in the following year.

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

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

Source: IndexBox Platform

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