Report Update Nov 1, 2024

Western Africa - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Abrasives Market 2024

Abrasives Market Size in Western Africa

The West African abrasives market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Abrasives Production in Western Africa

In value terms, abrasives production rose sharply to $X in 2021 estimated in export price. Overall, production posted a prominent expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 32%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Abrasives Exports

Exports in Western Africa

In 2021, approx. X tons of abrasives (natural) were exported in Western Africa; picking up by 172% on the year before. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 596%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, abrasives exports skyrocketed to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 313%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Sierra Leone (X tons) was the main exporter of abrasives (natural) in Western Africa, committing 99% of total export.

Sierra Leone was also the fastest-growing in terms of the abrasives (natural) exports, with a CAGR of +205.3% from 2012 to 2021. From 2012 to 2021, the share of Sierra Leone increased by +98 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2012 to 2021, the average annual rate of growth in terms of value in Sierra Leone stood at +148.6%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, waning by -2.9% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by 3.5%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Sierra Leone.

From 2012 to 2021, the rate of growth in terms of prices for Sierra Leone amounted to -18.6% per year.

Abrasives Imports

Imports in Western Africa

In 2021, approx. X tons of abrasives (natural) were imported in Western Africa; rising by 225% on the previous year's figure. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 229% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, abrasives imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant increase. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria dominates imports structure, amounting to X tons, which was near 88% of total imports in 2021. The following importers - Ghana (X tons) and Saint Helena, Ascension and Tristan da Cunha (X tons) - each reached an 8.1% share of total imports.

Imports into Nigeria increased at an average annual rate of +19.5% from 2012 to 2021. At the same time, Saint Helena, Ascension and Tristan da Cunha (+26.8%) displayed positive paces of growth. Moreover, Saint Helena, Ascension and Tristan da Cunha emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +26.8% from 2012-2021. By contrast, Ghana (-5.2%) illustrated a downward trend over the same period. Nigeria (+35 p.p.) and Saint Helena, Ascension and Tristan da Cunha (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by -16.4% from 2012 to 2021, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported abrasives (natural) in Western Africa, comprising 84% of total imports. The second position in the ranking was held by Saint Helena, Ascension and Tristan da Cunha ($X), with a 4.3% share of total imports.

In Nigeria, abrasives imports increased at an average annual rate of +18.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saint Helena, Ascension and Tristan da Cunha (+49.6% per year) and Ghana (-14.1% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, with a decrease of -23.8% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the import price increased by 21% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Saint Helena, Ascension and Tristan da Cunha ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saint Helena, Ascension and Tristan da Cunha (+18.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for abrasives (natural) in Western Africa?

The countries with the highest volumes of in 2021 were Cote d'Ivoire, Niger and Ghana, with a combined 65% share of total consumption.

What are the largest producers of abrasives (natural) in Western Africa?

The countries with the highest volumes of in 2021 were Cote d'Ivoire, Ghana and Guinea, together comprising 68% of total production. Benin, Sierra Leone, Mauritania and Togo lagged somewhat behind, together accounting for a further 32%.

What are the leading exporters of abrasives (natural) in Western Africa?

In value terms, Sierra Leone emerged as the largest abrasives supplier in Western Africa, comprising 84% of total exports. The second position in the ranking was occupied by Ghana, with an 8.2% share of total exports.

What are the leading importers of abrasives (natural) in Western Africa?

In value terms, Niger constitutes the largest market for imported abrasives natural) in Western Africa, comprising 63% of total imports. The second position in the ranking was occupied by Nigeria, with a 22% share of total imports.

What is the average export price for abrasives (natural) in Western Africa?

In 2021, the export price in Western Africa amounted to $235 per ton, dropping by -77.3% against the previous year.

What is the average import price for abrasives (natural) in Western Africa?

The import price in Western Africa stood at $147 per ton in 2021, picking up by 29% against the previous year.

This report provides an in-depth analysis of the abrasives market in Western Africa. 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 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
Prodcom 08992220 -
Prodcom 08992230 -

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
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 Western Africa, split by region and country
Trade (exports and imports) in Western Africa
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
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- 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