Western Africa: Slaked Lime Market 2024

Slaked Lime Market Size in Western Africa

The West African slaked lime market reached $X in 2023, with an increase of X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Slaked Lime Production in Western Africa

In value terms, slaked lime production stood at $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Slaked Lime Exports

Exports in Western Africa

Slaked lime exports declined markedly to X tons in 2023, waning by X% against the year before. Over the period under review, exports showed a mild setback. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, slaked lime exports contracted significantly to $X in 2023. In general, exports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Ghana (X tons), together reaching X% of total export.

Ghana was also the fastest-growing in terms of the slaked lime exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest slaked lime supplier in Western Africa.

From 2012 to 2023, the average annual rate of growth in terms of value in Ghana amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2023, the rate of growth in terms of prices for Ghana amounted to X% per year.

Slaked Lime Imports

Imports in Western Africa

After two years of decline, overseas purchases of slaked lime increased by X% to X tons in 2023. Over the period under review, imports, however, showed a slight descent. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, slaked lime imports expanded slightly to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Cote d'Ivoire represented the largest importing country with an import of around X tons, which amounted to X% of total imports. Liberia (X tons) held the second position in the ranking, followed by Burkina Faso (X tons), Mali (X tons), Senegal (X tons) and Nigeria (X tons). All these countries together took approx. X% share of total imports. The following importers - Togo (X tons) and Ghana (X tons) - each reached an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to slaked lime imports into Cote d'Ivoire stood at X%. At the same time, Togo (X%), Liberia (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. Nigeria and Ghana experienced a relatively flat trend pattern. By contrast, Mali (X%) and Burkina Faso (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cote d'Ivoire, Liberia, Togo and Senegal increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X), Burkina Faso ($X) and Mali ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Togo, Nigeria, Senegal, Liberia and Ghana lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Togo, with a CAGR of X%, saw 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

The import price in Western Africa stood at $X per ton in 2023, approximately equating the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Togo ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform