Africa: Mercury Market 2024

Mercury Market Size in Africa

The African mercury market dropped markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mercury Production in Africa

In value terms, mercury production soared to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Mercury Exports

Exports in Africa

After two years of growth, shipments abroad of mercuries decreased by X% to X tons in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined markedly in the following year.

In value terms, mercury exports soared to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Nigeria dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2022. Togo (X tons) took a relatively small share of total exports.

Nigeria was also the fastest-growing in terms of the mercuries exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest mercury supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Mercury Imports

Imports in Africa

In 2022, overseas purchases of mercuries increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mercury imports reached $X in 2022. Overall, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Togo represented the largest importer of mercuries in Africa, with the volume of imports recording X tons, which was near X% of total imports in 2022. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%). Zimbabwe (X tons), Sudan (X tons), Kenya (X tons) and Niger (X tons) followed a long way behind the leaders.

Imports into Togo increased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%) and Niger (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, South Africa (X%), Zimbabwe (X%), Kenya (X%) and Sudan (X%) illustrated a downward trend over the same period. Togo (X p.p.), Democratic Republic of the Congo (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Zimbabwe, South Africa, Kenya and Sudan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, South Africa ($X), Togo ($X) and Kenya ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Sudan, Zimbabwe, Democratic Republic of the Congo and Niger lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the import price in Africa amounted to $X per ton, shrinking by X% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 South Africa ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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