ECOWAS: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in ECOWAS

The ECOWAS market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals declined slightly to $X in 2021, stabilizing at the previous year. Overall, consumption showed a mild setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in ECOWAS

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals totaled $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2016 with an increase of 20%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports in ECOWAS

In 2021, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in ECOWAS rose remarkably to X kg, increasing by 9.1% against 2020 figures. Overall, exports, however, showed a significant decline. The growth pace was the most rapid in 2019 with an increase of 16,957% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals expanded rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 860%. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

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

Nigeria was also the fastest-growing in terms of the chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports, with a CAGR of +12.5% from 2012 to 2021. From 2012 to 2021, the share of Nigeria increased by +98 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 chlorides and phosphorus oxychloride and halides supplier in ECOWAS.

In Nigeria, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals expanded at an average annual rate of +12.4% over the period from 2012-2021.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, shrinking by -2.9% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 1,714%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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 -0.1% per year.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports in ECOWAS

Imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals totaled X tons in 2021, growing by 12% against the previous year's figure. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 121% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals dropped to $X in 2021. Over the period under review, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 204% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, namely Benin, Ghana and Gambia, represented more than two-thirds of total import. Senegal (X kg) took the next position in the ranking, followed by Nigeria (X kg). All these countries together took approx. 17% share of total imports. Togo (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Togo (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Benin ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 78% of total imports.

Among the main importing countries, Benin, with a CAGR of +11.7%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, dropping by -15.6% against the previous year. Over the period under review, the import price showed a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 100% against the previous year. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+13.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform