ECOWAS: Unwrought Zinc Alloys Market 2025

Unwrought Zinc Alloys Market Size in ECOWAS

The ECOWAS unwrought zinc alloys market shrank to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Unwrought Zinc Alloys Production in ECOWAS

In value terms, unwrought zinc alloys production contracted modestly to $X in 2022 estimated in export price. Overall, production enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 60%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Unwrought Zinc Alloys Exports

Exports in ECOWAS

In 2022, the amount of unwrought zinc alloys exported in ECOWAS soared to X tons, jumping by 56% compared with the previous year's figure. Over the period under review, exports posted moderate growth. The pace of growth was the most pronounced in 2020 with an increase of 83% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, unwrought zinc alloys exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 1,081% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Nigeria (X tons) represented the main exporter of unwrought zinc alloys, achieving 67% of total exports. Togo (X tons) ranks second in terms of the total exports with a 25% share, followed by Benin (7.9%).

Exports from Nigeria increased at an average annual rate of +21.4% from 2012 to 2022. At the same time, Benin (+23.3%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of +23.3% from 2012-2022. By contrast, Togo (-8.3%) illustrated a downward trend over the same period. While the share of Nigeria (+53 p.p.) and Benin (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Togo (-59.8 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest unwrought zinc alloys supplier in ECOWAS, comprising 63% of total exports. The second position in the ranking was held by Togo ($X), with a 26% share of total exports.

In Nigeria, unwrought zinc alloys exports increased at an average annual rate of +18.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (-11.5% per year) and Benin (+23.1% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, dropping by -2.2% against the previous year. In general, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in 2017 when the export price increased by 773% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 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 Benin ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (-0.2%), while the other leaders experienced a decline in the export price figures.

Unwrought Zinc Alloys Imports

Imports in ECOWAS

After two years of decline, overseas purchases of unwrought zinc alloys increased by 5.9% to X tons in 2022. Over the period under review, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 154% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, unwrought zinc alloys imports stood at $X in 2022. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 541% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria prevails in imports structure, finishing at X tons, which was near 85% of total imports in 2022. It was distantly followed by Benin (X tons), achieving a 9.3% share of total imports. The following importers - Senegal (X tons) and Ghana (X tons) - together made up 4.8% of total imports.

Imports into Nigeria decreased at an average annual rate of -15.0% from 2012 to 2022. At the same time, Senegal (+20.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +20.3% from 2012-2022. By contrast, Benin (-10.2%) and Ghana (-15.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Benin and Senegal increased by +5, +4.2 and +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported unwrought zinc alloys in ECOWAS, comprising 87% of total imports. The second position in the ranking was held by Benin ($X), with a 7% share of total imports. It was followed by Senegal, with a 4.6% share.

In Nigeria, unwrought zinc alloys imports contracted by an average annual rate of -13.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Benin (-12.8% per year) and Senegal (+26.9% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, declining by -2.5% against the previous year. In general, the import price, however, continues to indicate a mild increase. The pace of growth was the most pronounced in 2017 when the import price increased by 246% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform