Report Update Nov 1, 2024

ECOWAS - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in ECOWAS

For the tenth year in a row, the ECOWAS copper ores and concentrates market recorded growth in sales value, which increased by 1.8% to $X in 2021. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in years to come.

Production of Copper Ores And Concentrates in ECOWAS

In value terms, copper ores and concentrates production stood at $X in 2021 estimated in export price. In general, production, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of 19%. The level of production peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Copper Ores And Concentrates

Exports in ECOWAS

In 2021, the amount of copper ores and concentrates exported in ECOWAS declined to X tons, which is down by -7.9% on the previous year's figure. Overall, exports saw a deep contraction. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper ores and concentrates exports declined to $X in 2021. Over the period under review, exports showed a abrupt curtailment. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Guinea (X tons) represented the largest exporter of copper ores and concentrates, mixing up 78% of total exports. It was distantly followed by Nigeria (X tons), committing a 16% share of total exports. Niger (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to copper ores and concentrates exports from Guinea stood at -19.4%. At the same time, Niger (+5,514.8%) and Nigeria (+1.9%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +5,514.8% from 2012-2021. From 2012 to 2021, the share of Nigeria and Niger increased by +14 and +4.3 percentage points, respectively.

In value terms, Guinea ($X) remains the largest copper ores and concentrates supplier in ECOWAS, comprising 93% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 6.7% share of total exports.

In Guinea, copper ores and concentrates exports decreased by an average annual rate of -8.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+23.4% per year) and Niger (+1,050.6% per year).

Export Prices by Country

In 2021, the export price in ECOWAS amounted to $X per ton, rising by 2.6% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 16% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Guinea ($X per ton), while Niger ($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 (+21.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Ores And Concentrates

Imports in ECOWAS

In 2021, purchases abroad of copper ores and concentrates decreased by -52.4% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 153%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, copper ores and concentrates imports surged to $X in 2021. In general, imports saw a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Guinea-Bissau (X tons) and Nigeria (X tons) dominates imports structure, together generating 97% of total imports. Ghana (X kg) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in Ghana (with a CAGR of +16.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Nigeria ($X), Guinea-Bissau ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 99% share of total imports.

In terms of the main importing countries, Guinea-Bissau, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, jumping by 222% against the previous year. Over the period under review, the import price recorded noticeable growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Nigeria ($X per ton), while Ghana ($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 (+4.7%).

Source: IndexBox Platform

This report provides an in-depth analysis of the market for copper ores and concentrates in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291100 - Copper ores and concentrates

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023