Report Update Nov 1, 2024

ECOWAS - Lead - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Lead Market 2024

Lead Market Size in ECOWAS

For the fourth consecutive year, the ECOWAS lead market recorded decline in sales value, which decreased by -3.3% to $X in 2022. Overall, consumption continues to indicate a slight slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Lead Production in ECOWAS

In value terms, lead production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild descent. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Lead Exports

Exports in ECOWAS

In 2022, exports of lead in ECOWAS soared to X tons, jumping by 18% on 2021 figures. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 167% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, lead exports skyrocketed to $X in 2022. Over the period under review, exports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 108%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Nigeria (X tons) represented the major exporter of lead, comprising 81% of total exports. It was distantly followed by Ghana (X tons), comprising a 14% share of total exports. Senegal (X tons) took a little share of total exports.

Nigeria was also the fastest-growing in terms of the lead exports, with a CAGR of +14.0% from 2012 to 2022. At the same time, Ghana (+5.6%) and Senegal (+4.5%) displayed positive paces of growth. Nigeria (+16 p.p.) significantly strengthened its position in terms of the total exports, while Senegal and Ghana saw its share reduced by -3.3% and -10% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest lead supplier in ECOWAS, comprising 76% of total exports. The second position in the ranking was taken by Ghana ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to +6.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (+6.2% per year) and Senegal (+4.7% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Lead Imports

Imports in ECOWAS

In 2022, supplies from abroad of lead increased by 6.9% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 96% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lead imports dropped to $X in 2022. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 93%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Senegal represented the largest importing country with an import of about X tons, which finished at 71% of total imports. It was distantly followed by Nigeria (X tons), committing a 21% share of total imports.

Senegal was also the fastest-growing in terms of the lead imports, with a CAGR of +1.4% from 2012 to 2022. Nigeria (-20.5%) illustrated a downward trend over the same period. While the share of Senegal (+52 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (-43.5 p.p.) displayed negative dynamics.

In value terms, the largest lead importing markets in ECOWAS were Senegal ($X) and Nigeria ($X).

Senegal, with a CAGR of -5.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, shrinking by -17.2% against the previous year. In general, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the import price increased by 56%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Senegal stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-0.6%).

Source: IndexBox Platform

This report provides an in-depth analysis of the lead market 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:

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