Report Update Nov 1, 2024

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

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ECOWAS: Slate Market 2024

Slate Market Size in ECOWAS

In 2021, the ECOWAS slate market decreased by -4.4% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted slightly in the following year.

Slate Production in ECOWAS

In value terms, slate production shrank modestly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 72% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank modestly in the following year.

Slate Exports

Exports in ECOWAS

In 2020, exports of slate in ECOWAS surged to X tons, with an increase of 3,884% on the previous year's figure. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, slate exports soared to $X in 2020. In general, exports recorded modest growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Benin (X tons), together finishing at 99% of total export.

Benin experienced a relatively flat trend pattern with regard to volume of exports of slate. From 2013 to 2020, the share of Benin increased by +98 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2020, the average annual growth rate of value in Benin was relatively modest.

Export Prices by Country

In 2020, the export price in ECOWAS amounted to $X per ton, dropping by -46.3% against the previous year. In general, the export price saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 a decrease of -5.2%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Benin.

From 2013 to 2020, the rate of growth in terms of prices for Benin amounted to 0.0% per year.

Slate Imports

Imports in ECOWAS

In 2021, the amount of slate imported in ECOWAS surged to X tons, increasing by 202% against 2020 figures. In general, imports recorded a buoyant expansion. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, slate imports surged to $X in 2021. Overall, imports enjoyed a significant expansion. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Nigeria (X tons) represented the key importer of slate, generating 62% of total imports. It was distantly followed by Ghana (X tons) and Senegal (X tons), together creating a 34% share of total imports. The following importers - Cote d'Ivoire (X tons) and Gambia (X tons) - each reached a 3.9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to slate imports into Nigeria stood at +23.2%. At the same time, Ghana (+89.5%), Senegal (+11.2%), Gambia (+9.6%) and Cote d'Ivoire (+6.8%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +89.5% from 2012-2021. Ghana (+27 p.p.) and Nigeria (+15 p.p.) significantly strengthened its position in terms of the total imports, while Gambia, Cote d'Ivoire and Senegal saw its share reduced by -1.9%, -4% and -6.4% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported slate in ECOWAS, comprising 66% of total imports. The second position in the ranking was held by Ghana ($X), with a 24% share of total imports. It was followed by Senegal, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Nigeria amounted to +24.2%. In the other countries, the average annual rates were as follows: Ghana (+99.6% per year) and Senegal (+10.4% per year).

Import Prices by Country

In 2021, the import price in ECOWAS amounted to $X per ton, picking up by 8.5% against the previous year. Over the period under review, the import price continues to indicate modest growth. The growth pace was the most rapid in 2018 when the import price increased by 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, 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 Cote d'Ivoire ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Gambia (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the slate 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:

Prodcom 08114000 - Slate, crude, roughly trimmed or merely cut into rectangular or square blocks or slabs

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