Western Africa: Alums Market 2024

Alums Market Size in Western Africa

The West African alums market surged to $X in 2022, growing by 21% against the previous year. Overall, consumption continues to indicate moderate growth. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Alums Production in Western Africa

In value terms, alums production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 19%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Alums Exports

Exports in Western Africa

In 2022, approx. X kg of alums were exported in Western Africa; declining by -42.7% against the previous year. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2016 when exports increased by 115%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, alums exports declined remarkably to $X in 2022. Over the period under review, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 352% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Togo represented the largest exporting country with an export of about X kg, which reached 69% of total exports. It was distantly followed by Nigeria (X kg), making up a 29% share of total exports. Ghana (X kg) followed a long way behind the leaders.

Togo was also the fastest-growing in terms of the alums exports, with a CAGR of -5.1% from 2012 to 2022. Nigeria (-17.0%) and Ghana (-38.8%) illustrated a downward trend over the same period. While the share of Togo (+53 p.p.) and Nigeria (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (-34.5 p.p.) displayed negative dynamics.

In value terms, Togo ($X), Nigeria ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022.

Togo, with a CAGR of -15.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, reducing by -57.5% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 202% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+3.0%), while the other leaders experienced a decline in the export price figures.

Alums Imports

Imports in Western Africa

In 2022, the amount of alums imported in Western Africa surged to X tons, increasing by 34% against the previous year's figure. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 209% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, alums imports totaled $X in 2022. Over the period under review, imports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 when imports increased by 87%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire dominates imports structure, accounting for X tons, which was near 89% of total imports in 2022. It was distantly followed by Nigeria (X tons), generating a 7% share of total imports. Senegal (X tons) held a little share of total imports.

Cote d'Ivoire was also the fastest-growing in terms of the alums imports, with a CAGR of +33.6% from 2012 to 2022. At the same time, Nigeria (+4.2%) and Senegal (+3.0%) displayed positive paces of growth. While the share of Cote d'Ivoire (+64 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (-6.4 p.p.) and Nigeria (-16.7 p.p.) displayed negative dynamics.

In value terms, the largest alums importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Senegal ($X), with a combined 87% share of total imports.

Among the main importing countries, Cote d'Ivoire, with a CAGR of +9.3%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, reducing by -24.1% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 67% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Senegal ($X per ton), while Cote d'Ivoire ($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 (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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