ECOWAS: Gypsum And Anhydrite Market 2024

Gypsum And Anhydrite Market Size in ECOWAS

In 2023, the ECOWAS gypsum and anhydrite market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, enjoyed pronounced growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Gypsum And Anhydrite Production in ECOWAS

In value terms, gypsum and anhydrite production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production saw a precipitous slump. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Gypsum And Anhydrite Exports

Exports in ECOWAS

Gypsum and anhydrite exports soared to X tons in 2023, increasing by X% on the year before. In general, exports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, gypsum and anhydrite exports skyrocketed to $X in 2023. Overall, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Togo dominates exports structure, recording X tons, which was near X% of total exports in 2023. Niger (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to gypsum and anhydrite exports from Togo stood at X%. Niger (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest gypsum and anhydrite supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Togo was relatively modest.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, dropping by X% against the previous year. Export price indicated buoyant growth from 2012 to 2023: its price 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, gypsum and anhydrite export price increased by X% against 2016 indices. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Togo ($X per ton), while Niger amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Togo (X%).

Gypsum And Anhydrite Imports

Imports in ECOWAS

In 2023, supplies from abroad of gypsum and anhydrite decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, gypsum and anhydrite imports dropped to $X in 2023. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Burkina Faso (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Togo (X tons), constituting a X% share of total imports. Benin (X tons) took a minor 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 Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported gypsum and anhydrite in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Nigeria, gypsum and anhydrite imports increased 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 Burkina Faso (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Senegal (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform