ECOWAS: Sodium Carbonate Market 2024

Sodium Carbonate Market Size in ECOWAS

The ECOWAS sodium carbonate market expanded rapidly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Sodium Carbonate Production in ECOWAS

In value terms, sodium carbonate production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Sodium Carbonate Exports

Exports in ECOWAS

In 2022, exports of sodium carbonate in ECOWAS soared to X tons, rising by X% compared with the year before. In general, exports saw prominent growth. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, sodium carbonate exports surged to $X in 2022. Over the period under review, exports saw resilient growth. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal was the main exporter of sodium carbonate in ECOWAS, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Nigeria (X tons) and Cote d'Ivoire (X tons), together constituting a X% share of total exports. The following exporters - Mali (X tons) and Togo (X tons) - each accounted for a X% share of total exports.

Senegal was also the fastest-growing in terms of the sodium carbonate exports, with a CAGR of X% from 2012 to 2022. At the same time, Togo (X%) and Nigeria (X%) displayed positive paces of growth. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Mali (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal and Nigeria increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Senegal, sodium carbonate exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 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 Mali ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Sodium Carbonate Imports

Imports in ECOWAS

Sodium carbonate imports soared to X tons in 2022, jumping by X% against the year before. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, sodium carbonate imports soared to $X in 2022. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Cote d'Ivoire (X tons), Senegal (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sodium carbonate imports into Nigeria stood at X%. At the same time, Senegal (X%), Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Nigeria (X p.p.) and Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported sodium carbonate in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

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

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price enjoyed resilient growth. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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