ECOWAS: Market for Bromides And Bromide Oxides, Iodides And Iodide Oxides 2024

Market Size for Bromides And Bromide Oxides, Iodides And Iodide Oxides in ECOWAS

The ECOWAS market for bromides and bromide oxides, iodides and iodide oxides soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed a strong expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Bromides And Bromide Oxides, Iodides And Iodide Oxides in ECOWAS

In value terms, bromides, iodides and oxids thereof production contracted to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Exports in ECOWAS

In 2022, the amount of bromides and bromide oxides, iodides and iodide oxides exported in ECOWAS shrank rapidly to X tons, reducing by X% against the previous year. Overall, exports saw a sharp slump. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bromides, iodides and oxids thereof exports shrank to $X in 2022. Over the period under review, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Ghana (X tons) took the second position in the ranking, followed by Nigeria (X tons). All these countries together took near X% share of total exports.

Senegal was also the fastest-growing in terms of the bromides and bromide oxides, iodides and iodide oxides exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal and Ghana increased by X and X percentage points, respectively.

In value terms, Senegal ($X) remains the largest bromides, iodides and oxids thereof supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Senegal, bromides, iodides and oxids thereof exports 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: Ghana (X% per year) and Nigeria (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 posted a strong increase. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Imports of Bromides And Bromide Oxides, Iodides And Iodide Oxides

Imports in ECOWAS

In 2022, approx. X tons of bromides and bromide oxides, iodides and iodide oxides were imported in ECOWAS; rising by X% compared with 2021 figures. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, bromides, iodides and oxids thereof imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria represented the main importing country with an import of around X tons, which recorded X% of total imports. Ghana (X tons) took the second position in the ranking, distantly followed by Senegal (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Ghana ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Senegal, 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 ECOWAS amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Ghana ($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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