ECOWAS: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in ECOWAS

The ECOWAS oxides of boron market declined slightly to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Oxides Of Boron Production in ECOWAS

In value terms, oxides of boron production fell to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Oxides Of Boron Exports

Exports in ECOWAS

In 2022, the amount of oxides of boron, boric acids and inorganic acids exported in ECOWAS fell dramatically to X tons, reducing by X% on 2021. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, oxides of boron exports declined markedly to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Nigeria dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Ghana (X tons) followed a long way behind the leaders.

Nigeria was also the fastest-growing in terms of the oxides of boron, boric acids and inorganic acids exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest oxides of boron supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Nigeria, oxides of boron exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

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 Ghana ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Oxides Of Boron Imports

Imports in ECOWAS

In 2022, overseas purchases of oxides of boron, boric acids and inorganic acids increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, oxides of boron imports skyrocketed to $X in 2022. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) represented the key importer of oxides of boron, boric acids and inorganic acids, committing X% of total imports. Gambia (X tons) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Senegal (X%) and Cote d'Ivoire (X%). The following importers - Sierra Leone (X tons) and Burkina Faso (X tons) - each resulted at a X% share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported oxides of boron, boric acids and inorganic acids in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Gambia, with a X% share.

In Nigeria, oxides of boron imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Gambia (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, approximately reflecting the previous year. In general, the import price continues to indicate a mild decrease. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, 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

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