ECOWAS: Activated Carbon Market 2024

Activated Carbon Market Size in ECOWAS

The ECOWAS activated carbon market skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption showed a resilient increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Activated Carbon Production in ECOWAS

In value terms, activated carbon production rose notably to $X in 2022 estimated in export price. In general, production posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Activated Carbon Exports

Exports in ECOWAS

In 2022, approx. X tons of activated carbon were exported in ECOWAS; dropping by X% against 2021 figures. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, activated carbon exports shrank sharply to $X in 2022. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined markedly in the following year.

Exports by Country

In 2022, Ghana (X tons) represented the major exporter of activated carbon, making up X% of total exports. Sierra Leone (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Togo (X%), Nigeria (X%) and Cote d'Ivoire (X%). Burkina Faso (X tons) took a little share of total exports.

Exports from Ghana decreased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Sierra Leone (X%), Cote d'Ivoire (X%) and Burkina Faso (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Sierra Leone (X p.p.), Togo (X p.p.), Nigeria (X p.p.), Cote d'Ivoire (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) emerged as the largest activated carbon supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports. It was followed by Cote d'Ivoire, with a X% share.

In Ghana, activated carbon exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Cote d'Ivoire (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a deep contraction. Over the period under review, the export prices reached the maximum 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced a decline in the export price figures.

Activated Carbon Imports

Imports in ECOWAS

In 2022, imports of activated carbon in ECOWAS rose remarkably to X tons, growing by X% on 2021. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, activated carbon imports fell slightly to $X in 2022. In general, imports recorded a notable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Imports by Country

Ghana was the major importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Burkina Faso (X tons), Guinea (X tons), Nigeria (X tons) and Cote d'Ivoire (X tons), together comprising a X% share of total imports. Mali (X tons) and Niger (X tons) followed a long way behind the leaders.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Guinea (X%), Niger (X%), Burkina Faso (X%), Nigeria (X%), Mali (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Guinea, Burkina Faso and Niger increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported activated carbon in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Ghana, activated carbon imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Burkina Faso (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, falling by X% against the previous year. Overall, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices reached the maximum 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 Cote d'Ivoire ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :