ECOWAS: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2025

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in ECOWAS

The ECOWAS chloride oxides of metal market was finally on the rise to reach $X in 2021, after three years of decline. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.1% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in ECOWAS

In value terms, chloride oxides of metal production amounted to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -32.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 56%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports in ECOWAS

In 2021, shipments abroad of chloride oxides and chloride hydroxides of copper and other metals decreased by 0% to X kg, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic contraction. The pace of growth was the most pronounced in 2019 when exports increased by 3,114%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chloride oxides of metal exports amounted to $X in 2021. Over the period under review, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2019 with an increase of 1,590%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, shrinking by -87.2% against the previous year. Over the period under review, the export price faced a dramatic decrease. The growth pace was the most rapid in 2014 an increase of 1,137% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a 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 0.0% per year.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports in ECOWAS

In 2021, the amount of chloride oxides and chloride hydroxides of copper and other metals imported in ECOWAS soared to X tons, with an increase of 59% on the previous year. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 112%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, chloride oxides of metal imports skyrocketed to $X in 2021. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cote d'Ivoire (X tons) was the largest importer of chloride oxides and chloride hydroxides of copper and other metals, constituting 39% of total imports. It was distantly followed by Nigeria (X tons), Burkina Faso (X tons), Ghana (X tons), Liberia (X tons), Senegal (X tons) and Sierra Leone (X tons), together mixing up a 57% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +69.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Burkina Faso ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 73% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +71.0%, saw the highest rates of growth with regard to 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 2021, the import price in ECOWAS amounted to $X per ton, growing by 49% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chloride oxides of metal import price increased by +61.9% against 2019 indices. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform