ECOWAS: Market for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) 2024

Market Size for Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in ECOWAS

In 2022, after two years of growth, there was significant decline in the ECOWAS market for siliceous fossil meals (kieselguhr, tripolite and diatomite), when its value decreased by X% to $X. Over the period under review, consumption, however, showed a perceptible expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite) in ECOWAS

In value terms, production of siliceous fossil meals (kieselguhr, tripolite and diatomite) amounted to $X in 2022 estimated in export price. Overall, production, however, saw a sharp contraction. The pace of growth appeared the most rapid in 2013 when the production volume decreased by X%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Exports in ECOWAS

Exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) surged to X tons in 2022, picking up by X% compared with the previous year's figure. Overall, exports posted a modest expansion. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of siliceous fossil meals (kieselguhr, tripolite and diatomite) surged to $X in 2022. In general, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Nigeria (X tons) represented the major exporter of siliceous fossil meals (kieselguhr, tripolite and diatomite), creating X% of total exports. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%) and Niger (X%). Ghana (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to siliceous fossil meal (kieselguhr, tripolite and diatomite) exports from Nigeria stood at X%. At the same time, Cote d'Ivoire (X%) and Senegal (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 2012-2022. By contrast, Niger (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) and Niger (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X), Nigeria ($X) and Niger ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Cote d'Ivoire, 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 a decline in the exports figures.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2014 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 2015 to 2022, the export prices remained at a somewhat lower figure.

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

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

Imports of Siliceous Fossil Meals (Kieselguhr, Tripolite and Diatomite)

Imports in ECOWAS

In 2022, supplies from abroad of siliceous fossil meals (kieselguhr, tripolite and diatomite) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of siliceous fossil meals (kieselguhr, tripolite and diatomite) fell markedly to $X in 2022. Over the period under review, imports, however, recorded a noticeable increase. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons), distantly followed by Burkina Faso (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Guinea (X tons), Togo (X tons) and Benin (X tons) were the largest importers of siliceous fossil meals (kieselguhr, tripolite and diatomite), together comprising X% of total imports.

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

In value terms, Burkina Faso ($X), Nigeria ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Ghana, Togo, Guinea and Benin lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Guinea, 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

The import price in ECOWAS stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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