Western Africa: Carbonate Market 2024

Carbonate Market Size in Western Africa

The West African carbonate market rose markedly to $X in 2022, picking up by X% against the previous year. The total consumption indicated prominent 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Carbonate Production in Western Africa

In value terms, carbonate production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Carbonate Exports

Exports in Western Africa

After five years of growth, shipments abroad of carbonates and peroxocarbonates decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, carbonate exports contracted notably to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mali represented the key exporter of carbonates and peroxocarbonates in Western Africa, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Cote d'Ivoire (X tons) ranks second in terms of the total exports with a X% share, followed by Senegal (X%). The following exporters - Nigeria (X tons) and Ghana (X tons) - together made up X% of total exports.

Mali was also the fastest-growing in terms of the carbonates and peroxocarbonates exports, with a CAGR of X% from 2012 to 2022. At the same time, Senegal (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%), Ghana (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mali increased by X percentage points.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (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, declining by X% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Carbonate Imports

Imports in Western Africa

In 2022, the amount of carbonates and peroxocarbonates imported in Western Africa surged to X tons, increasing by X% against the previous year's figure. Total imports indicated a buoyant expansion 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 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, carbonate imports soared to $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the major importer of carbonates and peroxocarbonates, generating X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons), Senegal (X tons) and Burkina Faso (X tons), together constituting a X% share of total imports. The following importers - Mauritania (X tons) and Togo (X tons) - each finished at a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Senegal (X%), Burkina Faso (X%), Cote d'Ivoire (X%), Mauritania (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Cote d'Ivoire (X p.p.), Senegal (X p.p.) and Burkina Faso (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price 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, carbonate import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 Nigeria ($X per ton), while Burkina Faso ($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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