ECOWAS: Worked Slate Market 2025

Worked Slate Market Size in ECOWAS

In 2022, the ECOWAS worked slate market decreased by -90.7% to $X, falling for the third consecutive year after three years of growth. In general, consumption faced a abrupt contraction. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Worked Slate Production in ECOWAS

In value terms, worked slate production fell notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 150%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Worked Slate Exports

Exports in ECOWAS

In 2022, exports of worked slate in ECOWAS soared to X tons, surging by 1,651% on the year before. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 50,477% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, worked slate exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 15,819%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Benin (X tons) represented roughly 100% of total exports in 2022.

Benin was also the fastest-growing in terms of the worked slate exports, with a CAGR of +1,688.6% from 2012 to 2022. While the share of Benin (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Benin ($X) also remains the largest worked slate supplier in ECOWAS.

From 2012 to 2022, the average annual rate of growth in terms of value in Benin amounted to +68.4%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, declining by -90.6% against the previous year. Over the period under review, the export price faced a sharp contraction. The most prominent rate of growth was recorded in 2018 an increase of 136% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to -90.5% per year.

Worked Slate Imports

Imports in ECOWAS

In 2022, imports of worked slate in ECOWAS dropped to X tons, with a decrease of -10.7% compared with the previous year's figure. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 62% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, worked slate imports declined to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 69%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Senegal (X tons) and Nigeria (X tons) represented the main importers of worked slate in ECOWAS, together constituting 63% of total imports. Ghana (X tons) took the next position in the ranking, followed by Cote d'Ivoire (X tons). All these countries together held approx. 24% share of total imports. Mali (X tons), Liberia (X tons) and Sierra Leone (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of +28.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest worked slate importing markets in ECOWAS were Senegal ($X), Nigeria ($X) and Ghana ($X), together accounting for 73% of total imports. Cote d'Ivoire, Liberia, Mali and Sierra Leone lagged somewhat behind, together accounting for a further 21%.

Among the main importing countries, Liberia, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2019 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2020 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 Liberia ($X per ton), while Cote d'Ivoire ($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 (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform