ECOWAS: Chlorine Market 2024

Chlorine Market Size in ECOWAS

The ECOWAS chlorine market stood at $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Chlorine Production in ECOWAS

In value terms, chlorine production fell modestly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

Chlorine Exports

Exports in ECOWAS

In 2023, after two years of growth, there was significant decline in overseas shipments of chlorine, when their volume decreased by X% to X tons. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, chlorine exports reduced notably to $X in 2023. In general, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Nigeria (X tons), Senegal (X tons) and Cote d'Ivoire (X tons), together recording X% of total export. It was distantly followed by Benin (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Benin ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Benin ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Chlorine Imports

Imports in ECOWAS

In 2023, approx. X tons of chlorine were imported in ECOWAS; increasing by X% compared with 2022 figures. Total imports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chlorine imports surged to $X in 2023. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Nigeria (X tons) represented the major importer of chlorine, mixing up X% of total imports. Senegal (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%) and Cote d'Ivoire (X%). The following importers - Togo (X tons) and Liberia (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to chlorine imports into Nigeria stood at X%. At the same time, Togo (X%), Liberia (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nigeria and Togo increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported chlorine in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports. It was followed by Ghana, with a X% share.

In Nigeria, chlorine imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform