ECOWAS: Other Carbonates Market 2024

Other Carbonates Market Size in ECOWAS

The ECOWAS other carbonates market dropped to $X in 2023, falling by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Other Carbonates Production in ECOWAS

In value terms, other carbonates production dropped to $X in 2023 estimated in export price. The total production indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Other Carbonates Exports

Exports in ECOWAS

In 2023, overseas shipments of other carbonates were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, other carbonates exports skyrocketed to $X in 2023. Overall, exports, however, recorded a slight setback. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the largest exporter of other carbonates in ECOWAS, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Senegal (X tons), creating a X% share of total exports.

Cote d'Ivoire experienced a relatively flat trend pattern with regard to volume of exports of other carbonates. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Senegal increased by X percentage points.

In value terms, Cote d'Ivoire ($X) remains the largest other carbonates supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

In Cote d'Ivoire, other carbonates exports decreased by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Other Carbonates Imports

Imports in ECOWAS

In 2023, approx. X tons of other carbonates were imported in ECOWAS; which is down by X% against the previous year's figure. In general, imports, however, continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, other carbonates imports reduced sharply to $X in 2023. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank dramatically in the following year.

Imports by Country

Cote d'Ivoire (X tons), Nigeria (X tons) and Ghana (X tons) represented roughly X% of total imports in 2023. Senegal (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Niger (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ghana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Ghana ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Ghana, with a CAGR of X%, recorded 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

In 2023, the import price in ECOWAS amounted to $X per ton, declining by X% against the previous year. Import price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, other carbonates import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped slightly in the following year.

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 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.

Source: IndexBox Platform