Western Africa: Abrasives Market 2024

Abrasives Market Size in Western Africa

The West African abrasives market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Abrasives Production in Western Africa

In value terms, abrasives production reduced modestly to $X in 2022 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Abrasives Exports

Exports in Western Africa

In 2022, the amount of abrasives (natural) exported in Western Africa dropped dramatically to X tons, shrinking by X% against the previous year. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, abrasives exports contracted dramatically to $X in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Cote d'Ivoire (X tons) and Burkina Faso (X tons) dominates exports structure, together constituting X% of total exports. It was distantly followed by Saint Helena, Ascension and Tristan da Cunha (X tons), constituting a X% share of total exports. Senegal (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) emerged as the largest abrasives supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Burkina Faso stood at X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($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 mixed trends in the export price figures.

Abrasives Imports

Imports in Western Africa

In 2022, the amount of abrasives (natural) imported in Western Africa surged to X tons, with an increase of X% on 2021. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, abrasives imports rose notably to $X in 2022. Over the period under review, imports showed prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) represented the main importer of abrasives (natural), creating X% of total imports. Cote d'Ivoire (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%), Mauritania (X%) and Burkina Faso (X%). Saint Helena, Ascension and Tristan da Cunha (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to abrasives imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Mauritania (X%), Saint Helena, Ascension and Tristan da Cunha (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. From 2012 to 2022, the share of Cote d'Ivoire, Nigeria, Burkina Faso, Mauritania and Saint Helena, Ascension and Tristan da Cunha increased by X, X, X, X and X percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported abrasives (natural) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped sharply in the following year.

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 Saint Helena, Ascension and Tristan da Cunha ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saint Helena, Ascension and Tristan da Cunha (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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