Africa: Market for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury 2024

Market Size for Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Africa

The African market for alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury in Africa

In value terms, alkali and rare earth metals production rose notably to $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Exports in Africa

In 2022, approx. X tons of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury were exported in Africa; picking up by X% against 2021 figures. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, alkali and rare earth metals exports skyrocketed to $X in 2022. Over the period under review, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Nigeria (X tons) represented the key exporter of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in Africa, constituting X% of total export.

Nigeria was also the fastest-growing in terms of the alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury exports, with a CAGR of X% from 2012 to 2022. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest alkali and rare earth metals supplier in Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Imports of Alkali or Alkaline-Earth Metals, Rare-Earth Metals, Scandium and Yttrium, Mercury

Imports in Africa

In 2022, purchases abroad of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury was finally on the rise to reach X tons after five years of decline. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, alkali and rare earth metals imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria (X tons) and Egypt (X tons) were the key importers of alkali or alkaline-earth metals, rare-earth metals, scandium and yttrium, mercury in 2022, recording near X% and X% of total imports, respectively. Niger (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%), Democratic Republic of the Congo (X%) and Cote d'Ivoire (X%). Zambia (X tons), Mauritania (X tons), Togo (X tons), Namibia (X tons), Zimbabwe (X tons), Tanzania (X tons) and Gambia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest alkali and rare earth metals importing markets in Africa were Egypt ($X), South Africa ($X) and Togo ($X), with a combined X% share of total imports.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Togo ($X per ton), while Gambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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