Western Africa: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Western Africa

The West African silicon dioxide market declined to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Silicon Dioxide Production in Western Africa

In value terms, silicon dioxide 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; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Silicon Dioxide Exports

Exports in Western Africa

In 2022, shipments abroad of silicon dioxide decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports showed a noticeable decline. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, silicon dioxide exports declined sharply to $X in 2022. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the major exporter of silicon dioxide, constituting X% of total exports. Nigeria (X tons) took the second position in the ranking, followed by Senegal (X tons). All these countries together took near X% share of total exports. Gambia (X tons) followed a long way behind the leaders.

Cote d'Ivoire was also the fastest-growing in terms of the silicon dioxide exports, with a CAGR of X% from 2012 to 2022. Gambia experienced a relatively flat trend pattern. Senegal (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire and Gambia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest silicon dioxide supplying countries in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X), with a combined X% share of total exports.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Gambia ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Silicon Dioxide Imports

Imports in Western Africa

In 2022, supplies from abroad of silicon dioxide decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, silicon dioxide imports dropped sharply to $X in 2022. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Cote d'Ivoire (X tons), creating a X% share of total imports. The following importers - Ghana (X tons), Senegal (X tons) and Niger (X tons) - each accounted for an X% share of total imports.

Nigeria experienced a relatively flat trend pattern with regard to volume of imports of silicon dioxide. At the same time, Cote d'Ivoire (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%), Senegal (X%) and Niger (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) and Niger (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 ($X) constitutes the largest market for imported silicon dioxide in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a modest expansion 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, silicon dioxide import price increased by X% against 2018 indices. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Senegal ($X per ton) and Niger ($X per ton), while Ghana ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :