Western Africa: Pyrites Market 2024

Pyrites Market Size in Western Africa

The West African pyrites market soared to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Pyrites Production in Western Africa

In value terms, pyrites production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded noticeable growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Pyrites Exports

Exports in Western Africa

In 2022, exports of pyrites in Western Africa surged to X kg, increasing by X% compared with 2021 figures. Overall, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pyrites exports soared to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Niger was the major exporting country with an export of about X kg, which finished at X% of total exports. Mauritania (X kg) ranks second in terms of the total exports with a X% share, followed by Mali (X%) and Liberia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mali (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mauritania ($X) emerged as the largest pyrites supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Niger, with a X% share.

In Mauritania, pyrites 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: Mali (X% per year) and Niger (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mauritania ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritania (X%).

Pyrites Imports

Imports in Western Africa

Pyrites imports surged to X tons in 2022, increasing by X% compared with the previous year. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, pyrites imports surged to $X in 2022. In general, imports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Niger was the largest importer of pyrites in Western Africa, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Nigeria (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%) and Cote d'Ivoire (X%). The following importers - Ghana (X tons) and Gambia (X tons) - each reached a X% share of total imports.

Imports into Niger increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%), Gambia (X%) and Ghana (X%) illustrated a downward trend over the same period. Niger (X p.p.), Senegal (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Gambia, Ghana and Nigeria saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Gambia ($X), Nigeria ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of 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, with an increase of X% against the previous year. In general, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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