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Western Africa - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Mineral Wool Market 2024
Mineral Wool Market Size in Western Africa
The West African mineral wool market stood at $X in 2023, surging by X% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.
Mineral Wool Production in Western Africa
In value terms, mineral wool production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.
Mineral Wool Exports
Exports in Western Africa
For the third consecutive year, Western Africa recorded growth in shipments abroad of slag wool, rock wool and similar mineral wools and mixtures, which increased by X% to X tons in 2023. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in the immediate term.
In value terms, mineral wool exports shrank to $X in 2023. Overall, exports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.
Exports by Country
In 2023, Nigeria (X tons) was the key exporter of slag wool, rock wool and similar mineral wools and mixtures, creating X% of total exports. Ghana (X tons) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%), Mali (X%) and Senegal (X%). Sierra Leone (X tons) followed a long way behind the leaders.
Nigeria experienced a relatively flat trend pattern with regard to volume of exports of slag wool, rock wool and similar mineral wools and mixtures. At the same time, Mali (X%), Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria, Ghana and Mali increased by X, X and X percentage points, respectively.
In value terms, Mali ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.
Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the export price in Western Africa amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mali ($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 Mali (X%), while the other leaders experienced mixed trends in the export price figures.
Mineral Wool Imports
Imports in Western Africa
For the fourth year in a row, Western Africa recorded growth in overseas purchases of slag wool, rock wool and similar mineral wools and mixtures, which increased by X% to X tons in 2023. Overall, imports saw a measured increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2023 and are likely to continue growth in years to come.
In value terms, mineral wool imports rose slightly to $X in 2023. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.
Imports by Country
Nigeria prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Ghana (X tons) ranks second in terms of the total imports with an X% share, followed by Senegal (X%) and Cote d'Ivoire (X%). Togo (X tons) and Sierra Leone (X tons) followed a long way behind the leaders.
From 2012 to 2023, average annual rates of growth with regard to mineral wool imports into Nigeria stood at X%. At the same time, Togo (X%), Cote d'Ivoire (X%), Sierra Leone (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. While the share of Cote d'Ivoire (X p.p.), Togo (X p.p.), Senegal (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported slag wool, rock wool and similar mineral wools and mixtures in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.
In Nigeria, mineral wool imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).
Import Prices by Country
The import price in Western Africa stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the mineral wool market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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