ECOWAS: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in ECOWAS

The ECOWAS articles of fiber cement market dropped modestly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption saw a abrupt slump. The most prominent rate of growth was recorded in 2022 when the market value increased by X%. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in ECOWAS

In value terms, articles of fiber cement production contracted to $X in 2023 estimated in export price. Over the period under review, production showed a deep reduction. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports in ECOWAS

In 2023, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported in ECOWAS; jumping by X% on 2022 figures. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, articles of fiber cement exports skyrocketed to $X in 2023. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ghana prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Cote d'Ivoire (X tons), constituting a 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 articles of asbestos-cement, cellulose fiber-cement or the like 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 ($X) emerged as the largest articles of fiber cement supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports.

In Ghana, articles of fiber cement exports 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: 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, increasing by X% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the maximum in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: 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.

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports in ECOWAS

In 2023, after two years of growth, there was decline in overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like, when their volume decreased by X% to X tons. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, articles of fiber cement imports contracted to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value 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 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Senegal (X tons), Togo (X tons), Ghana (X tons) and Benin (X tons) represented the main importer of articles of asbestos-cement, cellulose fiber-cement or the like in ECOWAS, committing X% of total import. It was distantly followed by Nigeria (X tons), making up an X% share of total imports. Cabo Verde (X tons) and Guinea (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading 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, Ghana ($X), Nigeria ($X) and Senegal ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Senegal, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in ECOWAS amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 ($X per ton), while Togo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform