Africa: Plaster Market 2024

Plaster Market Size in Africa

The African plaster market rose modestly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Plaster Production in Africa

In value terms, plaster production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Plaster Exports

Exports in Africa

Plaster exports skyrocketed to X tons in 2022, with an increase of X% on the previous year's figure. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, plaster exports surged to $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Tunisia was the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Morocco (X tons), generating a X% share of total exports. Mauritania (X tons), South Africa (X tons) and Zimbabwe (X tons) took a little share of total exports.

Exports from Tunisia increased at an average annual rate of X% from 2012 to 2022. At the same time, Zimbabwe (X%), Mauritania (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Zimbabwe emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. South Africa experienced a relatively flat trend pattern. While the share of Morocco (X p.p.), Mauritania (X p.p.) and Zimbabwe (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) and Tunisia (X p.p.) displayed negative dynamics.

In value terms, Tunisia ($X) remains the largest plaster supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

In Tunisia, plaster exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Plaster Imports

Imports in Africa

For the seventh consecutive year, Africa recorded growth in purchases abroad of plaster, which increased by X% to X tons in 2022. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, plaster imports rose notably to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of plaster, achieving X% of total imports. It was distantly followed by Ghana (X tons), Mozambique (X tons), Senegal (X tons) and Tanzania (X tons), together generating a X% share of total imports. The following importers - Cote d'Ivoire (X tons), Cameroon (X tons), Burkina Faso (X tons), Benin (X tons), Guinea (X tons), Togo (X tons), Gambia (X tons) and Libya (X tons) - together made up X% of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%), Benin (X%), Togo (X%), Gambia (X%), Burkina Faso (X%), Senegal (X%), Guinea (X%), Ghana (X%), Tanzania (X%), Cameroon (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Libya (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Nigeria (X p.p.), Ghana (X p.p.), Senegal (X p.p.), Tanzania (X p.p.), Benin (X p.p.), Cameroon (X p.p.) and Togo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Libya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported plaster in Africa, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, plaster imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Tanzania ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform