Western Africa: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Western Africa

The West African cellulose fibrecement sheet market amounted to $X in 2023, leveling off at the previous year. In general, consumption showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Cellulose Fibrecement Sheet Production in Western Africa

In value terms, cellulose fibrecement sheet production expanded modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports in Western Africa

Cellulose fibrecement sheet exports soared to X tons in 2023, picking up by X% compared with 2022 figures. In general, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cellulose fibrecement sheet exports surged to $X in 2023. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ghana dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Cote d'Ivoire (X tons), generating an X% share of total exports. Nigeria (X tons) took a little share of total exports.

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. From 2012 to 2023, the share of Ghana and Cote d'Ivoire increased by X and X percentage points, respectively.

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

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

Export Prices by Country

In 2023, the export price in Western Africa amounted to $X per ton, surging by X% against the previous year. In general, the export price showed a prominent increase. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the export prices remained at a somewhat 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 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 Western Africa

Cellulose fibrecement sheet imports declined to X tons in 2023, reducing by X% on the year before. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, cellulose fibrecement sheet imports fell to $X in 2023. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Senegal (X tons), Ghana (X tons) and Benin (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Togo (X tons), creating a X% share of total imports. The following importers - Nigeria (X tons) and Cabo Verde (X tons) - each finished at an X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Senegal ($X) and Benin ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a 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 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