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Western Africa - Chromium Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Market for Chromium Ores and Concentrates 2024
Market Size for Chromium Ores and Concentrates in Western Africa
The West African chromium ore and concentrate market reached $X in 2023, growing by X% against the previous year. In general, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.
Production of Chromium Ores and Concentrates in Western Africa
In value terms, chromium ore and concentrate production soared to $X in 2023 estimated in export price. Overall, production recorded a significant increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the near future.
Exports of Chromium Ores and Concentrates
Exports in Western Africa
In 2023, approx. X tons of chromium ores and concentrates were exported in Western Africa; picking up by X% compared with 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.
In value terms, chromium ore and concentrate exports soared to $X in 2023. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.
Exports by Country
The biggest shipments were from Nigeria (X tons), together accounting for X% of total export.
Nigeria was also the fastest-growing in terms of the chromium ores and concentrates exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Nigeria increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) also remains the largest chromium ore and concentrate supplier in Western Africa.
From 2012 to 2023, the average annual growth rate of value in Nigeria amounted to X%.
Export Prices by Country
In 2023, the export price in Western Africa amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Nigeria.
From 2012 to 2023, the rate of growth in terms of prices for Nigeria amounted to X% per year.
Imports of Chromium Ores and Concentrates
Imports in Western Africa
In 2023, chromium ore and concentrate imports in Western Africa fell significantly to X tons, reducing by X% on 2022 figures. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.
In value terms, chromium ore and concentrate imports reduced markedly to $X in 2023. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.
Imports by Country
Nigeria was the major importing country with an import of about X tons, which reached X% of total imports. Mauritania (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Ghana (X%).
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mauritania (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.
In value terms, Nigeria ($X) constitutes the largest market for imported chromium ores and concentrates in Western Africa, comprising X% of total imports. The second position in the ranking was held by Mauritania ($X), with an X% share of total imports.
In Nigeria, chromium ore and concentrate imports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mauritania (X% per year) and Ghana (X% per year).
Import Prices by Country
In 2023, the import price in Western Africa amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Mauritania ($X per ton) was amongst the lowest.
From 2012 to 2023, 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
This report provides an in-depth analysis of the market for chromium ore and concentrate in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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