Western Africa: Titanium Dioxide Pigments Market 2024

Titanium Dioxide Pigments Market Size in Western Africa

The West African titanium dioxide pigments market amounted to $X in 2022, increasing by X% against the previous year. The total consumption indicated notable 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 increased by X% against 2016 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Titanium Dioxide Pigments Production in Western Africa

In value terms, titanium dioxide pigments production rose slightly to $X in 2022 estimated in export price. The total production indicated a noticeable 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Titanium Dioxide Pigments Exports

Exports in Western Africa

In 2022, overseas shipments of titanium dioxide pigments and colouring preparations decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments exports shrank dramatically to $X in 2022. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Sierra Leone dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Guinea (X tons), achieving an X% share of total exports. Cote d'Ivoire (X tons), Senegal (X tons) and Ghana (X tons) followed a long way behind the leaders.

Exports from Sierra Leone increased at an average annual rate of X% from 2012 to 2022. At the same time, Ghana (X%), Guinea (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Sierra Leone (X p.p.) and Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sierra Leone ($X) remains the largest titanium dioxide pigments supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Guinea ($X), with an 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 Sierra Leone totaled X%. In the other countries, the average annual rates were as follows: Guinea (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, with a decrease of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Titanium Dioxide Pigments Imports

Imports in Western Africa

In 2022, overseas purchases of titanium dioxide pigments and colouring preparations decreased by X% to X tons, falling for the second year in a row after four years of growth. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, titanium dioxide pigments imports expanded notably to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Nigeria represented the largest importer of titanium dioxide pigments and colouring preparations in Western Africa, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Ghana (X tons). All these countries together held near X% share of total imports. The following importers - Senegal (X tons) and Guinea (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to titanium dioxide pigments imports into Nigeria stood at X%. At the same time, Ghana (X%), Cote d'Ivoire (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Guinea (X%) illustrated a downward trend over the same period. While the share of Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Nigeria, titanium dioxide pigments 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, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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