ECOWAS: Market for Calcined And Sintered Dolomite 2024

Market Size for Calcined And Sintered Dolomite in ECOWAS

After five years of growth, the ECOWAS calcined and sintered dolomite market decreased by -2.5% to $X in 2021. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Production of Calcined And Sintered Dolomite in ECOWAS

In value terms, calcined and sintered dolomite production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 21%. Over the period under review, production reached the peak level at $X in 2020, and then contracted modestly in the following year.

Exports of Calcined And Sintered Dolomite

Exports in ECOWAS

After five years of decline, shipments abroad of calcined and sintered dolomite decreased by 0% to X tons in 2021. Over the period under review, exports faced a dramatic decline. The pace of growth was the most pronounced in 2013 with an increase of 100% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, calcined and sintered dolomite exports expanded to $X in 2021. Overall, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 120%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) represented roughly 100% of total exports in 2021.

Nigeria was also the fastest-growing in terms of the calcined and sintered dolomite exports, with a CAGR of -28.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest calcined and sintered dolomite supplier in ECOWAS.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to -30.9%.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, rising by 3.6% against the previous year. In general, the export price, however, showed a noticeable descent. The growth pace was the most rapid in 2013 an increase of 10%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, 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 2021, the rate of growth in terms of prices for Nigeria amounted to -4.1% per year.

Imports of Calcined And Sintered Dolomite

Imports in ECOWAS

Calcined and sintered dolomite imports soared to X tons in 2021, increasing by 30% on 2020. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 179% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, calcined and sintered dolomite imports soared to $X in 2021. In general, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 60% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Nigeria (X tons) represented the key importer of calcined and sintered dolomite, comprising 82% of total imports. It was distantly followed by Senegal (X tons), creating a 13% share of total imports. The following importers - Ghana (X tons) and Cote d'Ivoire (X tons) - each accounted for a 3.5% share of total imports.

Nigeria was also the fastest-growing in terms of the calcined and sintered dolomite imports, with a CAGR of +27.4% from 2012 to 2021. At the same time, Senegal (+11.6%) displayed positive paces of growth. By contrast, Ghana (-4.7%) and Cote d'Ivoire (-26.4%) illustrated a downward trend over the same period. While the share of Nigeria (+61 p.p.) and Senegal (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Ghana (-4.8 p.p.) and Cote d'Ivoire (-56.2 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported calcined and sintered dolomite in ECOWAS, comprising 81% of total imports. The second position in the ranking was held by Senegal ($X), with a 9.1% share of total imports. It was followed by Ghana, with a 3.3% share.

In Nigeria, calcined and sintered dolomite imports increased at an average annual rate of +30.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (+2.5% per year) and Ghana (-9.4% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, growing by 8.4% against the previous year. Over the period under review, the import price showed a modest increase. The most prominent rate of growth was recorded in 2013 an increase of 125%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+6.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform