ECOWAS: Market for Antimony and Articles Thereof 2024

Market Size for Antimony and Articles Thereof in ECOWAS

The ECOWAS antimony and articles thereof market totaled $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Antimony and Articles Thereof in ECOWAS

In value terms, antimony and articles thereof production rose slightly to $X in 2022 estimated in export price. The total output 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. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Antimony and Articles Thereof

Exports in ECOWAS

In 2022, approx. X kg of antimony and articles thereof were exported in ECOWAS; reducing by X% compared with the year before. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, antimony and articles thereof exports reduced rapidly to $X in 2022. Overall, exports recorded a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Nigeria (X kg) represented roughly X% of total exports in 2022.

Nigeria was also the fastest-growing in terms of the antimony and articles thereof exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest antimony and articles thereof supplier in ECOWAS.

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

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, leveling off at the previous year. In general, the export price, however, saw a significant curtailment. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Antimony and Articles Thereof

Imports in ECOWAS

In 2022, purchases abroad of antimony and articles thereof increased by X% to X kg, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, antimony and articles thereof imports reduced sharply to $X in 2022. In general, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Niger was the largest importer of antimony and articles thereof in ECOWAS, with the volume of imports recording X kg, which was near X% of total imports in 2022. It was distantly followed by Nigeria (X kg) and Cote d'Ivoire (X kg), together creating a X% share of total imports.

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

In value terms, the largest antimony and articles thereof importing markets in ECOWAS were Nigeria ($X), Cote d'Ivoire ($X) and Niger ($X).

In terms of the main importing countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 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 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 Nigeria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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