Western Africa: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Western Africa

The West African calcium carbonate market surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a moderate 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 decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Calcium Carbonate Production in Western Africa

In value terms, calcium carbonate production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Calcium Carbonate Exports

Exports in Western Africa

In 2022, shipments abroad of calcium carbonate decreased by X% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped significantly in the following year.

In value terms, calcium carbonate exports fell to $X in 2022. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Mali dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. The following exporters - Ghana (X tons) and Nigeria (X tons) - together made up X% of total exports.

Mali was also the fastest-growing in terms of the calcium carbonate exports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. While the share of Mali (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) and Nigeria (X p.p.) displayed negative dynamics.

In value terms, Mali ($X) remains the largest calcium carbonate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports.

In Mali, calcium carbonate exports expanded 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: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, saw a abrupt contraction. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Mali ($X per ton) was amongst the lowest.

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

Calcium Carbonate Imports

Imports in Western Africa

Calcium carbonate imports rose significantly to X tons in 2022, growing by X% compared with the previous year. Total imports indicated a buoyant increase 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, calcium carbonate imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire was the key importer of calcium carbonate in Western Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Ghana (X tons) ranks second in terms of the total imports with an X% share, followed by Nigeria (X%), Senegal (X%) and Burkina Faso (X%). The following importers - Mauritania (X tons) and Togo (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 Senegal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest calcium carbonate importing markets in Western Africa were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), together accounting for X% of total imports. Senegal, Burkina Faso, Togo and Mauritania lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Senegal, with a CAGR of X%, recorded 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 Western Africa stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

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 ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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