Western Africa: Lead Market 2024

Lead Market Size in Western Africa

The West African lead market amounted to $X in 2022, flattening at the previous year. Over the period under review, consumption saw a mild descent. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Lead Production in Western Africa

In value terms, lead production fell modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Lead Exports

Exports in Western Africa

In 2022, shipments abroad of lead increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, lead exports rose sharply to $X in 2022. In general, exports posted noticeable growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Nigeria (X tons) was the key exporter of lead, mixing up X% of total exports. It was distantly followed by Ghana (X tons) and Senegal (X tons), together creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lead exports from Nigeria stood at X%. At the same time, Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, 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 exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (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, rising by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Lead Imports

Imports in Western Africa

In 2022, supplies from abroad of lead was finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a sharp curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports reduced markedly to $X in 2022. Over the period under review, imports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria was the key importer of lead in Western Africa, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons), Benin (X tons) and Burkina Faso (X tons), together generating a X% share of total imports. The following importers - Liberia (X tons) and Senegal (X tons) - each finished at a X% share of total imports.

Imports into Nigeria decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%) and Liberia (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. By contrast, Ghana (X%), Benin (X%) and Senegal (X%) illustrated a downward trend over the same period. Cote d'Ivoire (X p.p.), Ghana (X p.p.), Burkina Faso (X p.p.) and Liberia (X p.p.) significantly strengthened its position in terms of the total imports, while Senegal and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Cote d'Ivoire, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat 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 Liberia ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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