ECOWAS: Lead Market 2024

Lead Market Size in ECOWAS

The ECOWAS lead market expanded markedly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lead Production in ECOWAS

In value terms, lead production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Lead Exports

Exports in ECOWAS

In 2023, approx. X tons of lead were exported in ECOWAS; shrinking by X% compared with the previous year's figure. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, lead exports rose to $X in 2023. Over the period under review, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are likely to see steady growth in the near future.

Exports by Country

In 2023, Nigeria (X tons) was the key exporter of lead, creating X% of total exports. Ghana (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%). The following exporters - Burkina Faso (X tons) and Cote d'Ivoire (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Burkina Faso (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual growth rate of value in Nigeria stood at 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 2023, the export price in ECOWAS amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Lead Imports

Imports in ECOWAS

In 2023, overseas purchases of lead increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, lead imports fell slightly to $X in 2023. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Togo was the key importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Niger (X tons) and Liberia (X tons), together creating a X% share of total imports. The following importers - Cote d'Ivoire (X tons) and Benin (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to lead imports into Togo stood at X%. At the same time, Liberia (X%), Cote d'Ivoire (X%) and Niger (X%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Benin (X%) illustrated a downward trend over the same period. While the share of Togo (X p.p.), Niger (X p.p.), Liberia (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Benin (X p.p.) displayed negative dynamics.

In value terms, Niger ($X) constitutes the largest market for imported lead in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Liberia ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

In Niger, lead imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Liberia (X% per year) and Benin (X% per year).

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Niger ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform