ECOWAS: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in ECOWAS

The ECOWAS agglomerated powder rod market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a strong expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Agglomerated Powder Rod Production in ECOWAS

In value terms, agglomerated powder rod production dropped to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Agglomerated Powder Rod Exports

Exports in ECOWAS

In 2022, after two years of growth, there was significant decline in overseas shipments of base metal wire and rods of agglomerated base powder, when their volume decreased by X% to X tons. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, agglomerated powder rod exports declined rapidly to $X in 2022. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Burkina Faso (X tons) represented the main exporter of base metal wire and rods of agglomerated base powder, constituting X% of total exports. Ghana (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cote d'Ivoire (X%). The following exporters - Benin (X kg) and Senegal (X kg) - together made up X% of total exports.

Burkina Faso was also the fastest-growing in terms of the base metal wire and rods of agglomerated base powder exports, with a CAGR of X% from 2012 to 2022. At the same time, Benin (X%) and Ghana (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) and Senegal (X%) illustrated a downward trend over the same period. While the share of Burkina Faso (X p.p.), Ghana (X p.p.) and Benin (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Cote d'Ivoire (X p.p.) and Senegal (X p.p.) displayed negative dynamics.

In value terms, Burkina Faso ($X) remains the largest agglomerated powder rod supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Benin, with a X% share.

In Burkina Faso, agglomerated powder rod exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Benin (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a tangible increase. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Agglomerated Powder Rod Imports

Imports in ECOWAS

Agglomerated powder rod imports surged to X tons in 2022, growing by X% against 2021. Over the period under review, imports enjoyed tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, agglomerated powder rod imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X tons), Burkina Faso (X tons) and Nigeria (X tons) was the main importer of base metal wire and rods of agglomerated base powder in ECOWAS, creating X% of total import. It was distantly followed by Guinea (X tons), making up an X% share of total imports. The following importers - Togo (X tons), Cote d'Ivoire (X tons) and Ghana (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Guinea ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Cote d'Ivoire, Ghana, Burkina Faso and Togo lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Togo, with a CAGR of X%, recorded the highest growth rate of 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

The import price in ECOWAS stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a deep setback. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Ghana ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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