ECOWAS: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in ECOWAS

The ECOWAS carbon for electrical purposes market totaled $X in 2022, stabilizing at the previous year. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.1% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in ECOWAS

In value terms, carbon for electrical purposes production plummeted to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 250% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports in ECOWAS

Carbon for electrical purposes exports fell to X tons in 2022, shrinking by -12.2% compared with 2021 figures. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 179%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon for electrical purposes exports contracted rapidly to $X in 2022. Overall, exports showed a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of 719%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mali was the key exporter of articles of graphite or other carbon for electrical purposes in ECOWAS, with the volume of exports accounting for X kg, which was near 76% of total exports in 2022. Senegal (X kg) took the second position in the ranking, distantly followed by Nigeria (X kg). All these countries together took approx. 20% share of total exports. Ghana (X kg) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carbon for electrical purposes exports from Mali stood at -3.9%. At the same time, Senegal (+45.7%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +45.7% from 2012-2022. By contrast, Ghana (-23.1%) and Nigeria (-25.1%) illustrated a downward trend over the same period. Mali (+36 p.p.) and Senegal (+15 p.p.) significantly strengthened its position in terms of the total exports, while Ghana and Nigeria saw its share reduced by -9.4% and -26.2% from 2012 to 2022, respectively.

In value terms, Senegal ($X), Mali ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, with a combined 81% share of total exports.

Senegal, with a CAGR of +47.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, which is down by -7.2% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by 193%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, 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 Nigeria ($X per ton), while Mali ($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 (+37.4%), while the other leaders experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports in ECOWAS

In 2022, overseas purchases of articles of graphite or other carbon for electrical purposes decreased by -3.5% to X tons, falling for the second year in a row after seven years of growth. Overall, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 143%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, carbon for electrical purposes imports surged to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 70%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria prevails in imports structure, amounting to X tons, which was approx. 92% of total imports in 2022. It was distantly followed by Mali (X tons), committing a 5.8% share of total imports.

Nigeria was also the fastest-growing in terms of the articles of graphite or other carbon for electrical purposes imports, with a CAGR of +9.1% from 2012 to 2022. Mali (-12.6%) illustrated a downward trend over the same period. Nigeria (+40 p.p.) significantly strengthened its position in terms of the total imports, while Mali saw its share reduced by -24.1% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported articles of graphite or other carbon for electrical purposes in ECOWAS, comprising 78% of total imports. The second position in the ranking was held by Mali ($X), with a 5.7% share of total imports.

In Nigeria, carbon for electrical purposes imports expanded at an average annual rate of +14.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, jumping by 48% against the previous year. In general, the import price posted temperate growth. The pace of growth appeared the most rapid in 2013 an increase of 79%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mali ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.3%).

Source: IndexBox Platform