Africa: Mercury Market 2022

Mercury Market Size in Africa

The African mercury market skyrocketed to $X in 2021, growing by X% against the previous year. In general, consumption recorded a slight expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mercury Production in Africa

In value terms, mercury production shrank notably to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then fell significantly in the following year.

Production By Country in Africa

Nigeria (X tonnes) constituted the country with the largest volume of mercury production, comprising approx. X% of total volume. Moreover, mercury production in Nigeria exceeded the figures recorded by the second-largest producer, Madagascar (X tonnes), sixfold. Mauritius (X tonnes) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Nigeria amounted to -X%. The remaining producing countries recorded the following average annual rates of production growth: Madagascar (+X% per year) and Mauritius (+X% per year).

Mercury Exports

Exports in Africa

In 2021, the amount of mercuries exported in Africa reduced dramatically to X tonnes, falling by -X% against the previous year. Overall, exports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tonnes, and then dropped dramatically in the following year.

In value terms, mercury exports shrank slightly to $X in 2021. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Kenya (X tonnes) and Morocco (X tonnes) were the key exporters of mercuries in 2021, amounting to near X% and X% of total exports, respectively. Burkina Faso (X kg) occupied the next position in the ranking, distantly followed by South Africa (X kg). All these countries together held approx. X% share of total exports. The following exporters - Mali (X kg) and Tunisia (X kg) - together made up X% of total exports.

From 2012 to 2021, the biggest increases were in Kenya (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest mercury supplying countries in Africa were Kenya ($X), Morocco ($X) and South Africa ($X), with a combined X% share of total exports.

Kenya, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the e in Africa amounted to $X per tonne, with an increase of X% against the previous year. Overall, the export price continues to indicate prominent growth. The level of export peaked at $X per tonne in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Kenya ($X per tonne), while Tunisia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+X%), while the other leaders experienced more modest paces of growth.

Mercury Imports

Imports in Africa

In 2021, imports of mercuries in Africa soared to X tonnes, jumping by X% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mercury imports reduced to $X in 2021. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Togo prevails in imports structure, finishing at X tonnes, which was near X% of total imports in 2021. It was distantly followed by Kenya (X tonnes), generating a X% share of total imports. South Africa (X tonnes), Chad (X tonnes) and Zimbabwe (X tonnes) held a minor share of total imports.

Imports into Togo increased at an average annual rate of +X% from 2012 to 2021. At the same time, Chad (+X%) and Zimbabwe (+X%) displayed positive paces of growth. Moreover, Chad emerged as the fastest-growing importer imported in Africa, with a CAGR of +X% from 2012-2021. By contrast, Kenya (-X%) and South Africa (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Togo and Chad increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) constitutes the largest market for imported mercuries in Africa, comprising X% of total imports. The second position in the ranking was occupied by Kenya ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Togo stood at +X%. In the other countries, the average annual rates were as follows: Kenya (-X% per year) and South Africa (-X% per year).

Import Prices by Country

In 2021, the i in Africa amounted to $X per tonne, reducing by -X% against the previous year. Overall, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per tonne in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($X per tonne), while Togo ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform