ECOWAS: Sulphides Of Non-Metals Market 2025

Sulphides Of Non-Metals Market Size in ECOWAS

The ECOWAS sulphides of non-metals market shrank modestly to $X in 2021, declining by -2.3% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.6% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Sulphides Of Non-Metals Production in ECOWAS

In value terms, sulphides of non-metals production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, production attained the peak level of $X, and then dropped in the following year.

Sulphides Of Non-Metals Exports

Exports in ECOWAS

In 2020, approx. X tons of sulphides of non-metals and commercial phosphorus trisulphide were exported in ECOWAS; with an increase of 908,067% against the previous year. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 1,084,000%. The volume of export peaked in 2020 and is likely to continue growth in the immediate term.

In value terms, sulphides of non-metals exports surged to $X in 2020. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 16,338%. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Exports by Country

The shipments of the one major exporters of sulphides of non-metals and commercial phosphorus trisulphide, namely Nigeria, represented more than two-thirds of total export.

Nigeria was also the fastest-growing in terms of the sulphides of non-metals and commercial phosphorus trisulphide exports, with a CAGR of +66.1% from 2012 to 2020. From 2012 to 2020, the share of Nigeria increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2020, the average annual rate of growth in terms of value in Nigeria stood at +90.1%.

Export Prices by Country

In 2020, the export price in ECOWAS amounted to $X per ton, which is down by -98.9% against the previous year. In general, the export price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2015 an increase of 1,944%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2020, the export prices remained at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Nigeria amounted to +14.4% per year.

Sulphides Of Non-Metals Imports

Imports in ECOWAS

In 2021, supplies from abroad of sulphides of non-metals and commercial phosphorus trisulphide decreased by -11.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 428%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, sulphides of non-metals imports declined rapidly to $X in 2021. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by 249%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Togo represented the key importer of sulphides of non-metals and commercial phosphorus trisulphide in ECOWAS, with the volume of imports finishing at X tons, which was approx. 71% of total imports in 2021. It was distantly followed by Senegal (X tons), Nigeria (X tons) and Mali (X tons), together generating a 28% share of total imports.

Imports into Togo increased at an average annual rate of +26.0% from 2012 to 2021. At the same time, Senegal (+27.8%) and Mali (+8.1%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +27.8% from 2012-2021. By contrast, Nigeria (-10.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Togo and Senegal increased by +45 and +11 percentage points, respectively.

In value terms, the largest sulphides of non-metals importing markets in ECOWAS were Togo ($X), Mali ($X) and Nigeria ($X), with a combined 66% share of total imports. Senegal lagged somewhat behind, accounting for a further 13%.

In terms of the main importing countries, Senegal, with a CAGR of +7.8%, saw the highest growth rate of 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, declining by -42.4% against the previous year. Overall, the import price recorded a dramatic decline. The most prominent rate of growth was recorded in 2019 an increase of 128% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Mali ($X per ton), while Togo ($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 (-6.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform