ECOWAS: Kaolin Market 2024

Kaolin Market Size in ECOWAS

For the fifth consecutive year, the ECOWAS kaolin market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Kaolin Production in ECOWAS

In value terms, kaolin production totaled $X in 2023 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Kaolin Exports

Exports in ECOWAS

In 2023, shipments abroad of kaolin and kaolinic clays was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, kaolin exports surged to $X in 2023. Total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Senegal (X tons) was the largest exporter of kaolin and kaolinic clays, achieving X% of total exports. It was distantly followed by Cote d'Ivoire (X tons), achieving a X% share of total exports.

Exports from Senegal decreased at an average annual rate of X% from 2012 to 2023. At the same time, Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Cote d'Ivoire increased by X percentage points.

In value terms, Senegal ($X) remains the largest kaolin supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an X% share of total exports.

In Senegal, kaolin exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price 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, kaolin export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Kaolin Imports

Imports in ECOWAS

Kaolin imports skyrocketed to X tons in 2023, with an increase of X% on 2022 figures. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

In value terms, kaolin imports expanded notably to $X in 2023. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Nigeria (X tons) and Ghana (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Burkina Faso (X tons) and Senegal (X tons), together committing a X% share of total imports.

From 2012 to 2023, 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 ($X), Ghana ($X) and Senegal ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 2023, dropping by X% against the previous year. In general, the import price, however, continues to indicate a mild expansion. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform