ECOWAS: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in ECOWAS

The ECOWAS mould for mineral materials market rose significantly to $X in 2022, increasing by X% against the previous year. In general, consumption showed a strong increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Moulds For Mineral Materials in ECOWAS

In value terms, mould for mineral materials production amounted to $X in 2022 estimated in export price. Overall, production posted prominent growth. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Moulds For Mineral Materials

Exports in ECOWAS

In 2022, exports of moulds for mineral materials in ECOWAS soared to X units, picking up by X% on the previous year. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mould for mineral materials exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Ghana was the main exporter of moulds for mineral materials in ECOWAS, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Sierra Leone (X units), mixing up a X% share of total exports. Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to mould for mineral materials exports from Ghana stood at X%. At the same time, Sierra Leone (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana and Sierra Leone increased by X and X percentage points, respectively.

In value terms, Ghana ($X), Sierra Leone ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2022.

Sierra Leone, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Imports of Moulds For Mineral Materials

Imports in ECOWAS

In 2022, supplies from abroad of moulds for mineral materials decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, mould for mineral materials imports shrank significantly to $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, Nigeria (X units) represented the main importer of moulds for mineral materials, comprising X% of total imports. Ghana (X units) took the second position in the ranking, distantly followed by Cote d'Ivoire (X units) and Guinea (X units). All these countries together held near X% share of total imports. The following importers - Mali (X units) and Burkina Faso (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to mould for mineral materials imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%), Mali (X%), Ghana (X%) and Guinea (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. From 2012 to 2022, the share of Ghana, Cote d'Ivoire, Guinea and Mali increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Cote d'Ivoire, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 unit in 2022, reducing by X% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit 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 Ghana ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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