Western Africa: Market for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced 2024

Market Size for Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Western Africa

The West African market for boards, sheets, panels, tiles and similar articles of plaster not faced skyrocketed to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced in Western Africa

In value terms, production of boards, sheets, panels, tiles and similar articles of plaster not faced expanded slightly to $X in 2023 estimated in export price. In general, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Exports in Western Africa

In 2023, approx. X square meters of boards, sheets, panels, tiles and similar articles of plaster not faced were exported in Western Africa; rising by X% on the previous year. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X square meters. From 2015 to 2023, the growth of the exports of remained at a lower figure.

In value terms, exports of boards, sheets, panels, tiles and similar articles of plaster not faced soared to $X in 2023. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Togo prevails in faced structure, reaching X square meters, which was approx. X% of total exports in 2023. Ghana (X square meters) and Nigeria (X square meters) followed a long way behind the leaders.

Togo was also the fastest-growing in terms of the boards, sheets, panels, tiles and similar articles of plaster not faced exports, with a CAGR of X% from 2012 to 2023. At the same time, Ghana (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) emerged as the largest board, sheet, panel, tile and similar article of plaster not faced supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Togo, exports of boards, sheets, panels, tiles and similar articles of plaster not faced expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per square meter in 2023, dropping by X% against the previous year. In general, the export price faced a abrupt descent. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per square meter), while Togo ($X per square meter) 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.

Imports of Boards, Sheets, Panels, Tiles And Similar Articles Of Plaster Not Faced

Imports in Western Africa

In 2023, supplies from abroad of boards, sheets, panels, tiles and similar articles of plaster not faced increased by X% to X square meters, rising for the third year in a row after two years of decline. Total imports indicated temperate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2023 and are likely to see steady growth in the immediate term.

In value terms, imports of boards, sheets, panels, tiles and similar articles of plaster not faced surged to $X in 2023. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria dominates faced structure, accounting for X square meters, which was approx. X% of total imports in 2023. It was distantly followed by Cote d'Ivoire (X square meters) and Ghana (X square meters), together mixing up a X% share of total imports. The following importers - Senegal (X square meters) and Cabo Verde (X square meters) - each reached an X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%), Senegal (X%) and Cabo Verde (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Cabo Verde (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported boards, sheets, panels, tiles and similar articles of plaster not faced in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with an X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per square meter in 2023, picking up by X% against the previous year. Over the period under review, the import price recorded a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per square meter), while Cote d'Ivoire ($X per square meter) 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 mixed trends in the import price figures.

Source: IndexBox Platform