Western Africa: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Western Africa

The West African carbon for electrical purposes market reached $X in 2022, stabilizing at the previous year. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.2% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Western Africa

In value terms, carbon for electrical purposes production reduced dramatically to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. The growth pace was the most rapid in 2021 when the production volume increased by 250%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports in Western Africa

For the third year in a row, Western Africa recorded decline in shipments abroad of articles of graphite or other carbon for electrical purposes, which decreased by -12.2% to X tons in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 179% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports declined rapidly to $X in 2022. Over the period under review, exports continue to indicate a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 719%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mali represented the key exporter of articles of graphite or other carbon for electrical purposes in Western Africa, with the volume of exports amounting to X kg, which was approx. 76% of total exports in 2022. Senegal (X kg) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (5%). Ghana (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to carbon for electrical purposes exports from Mali stood at -3.9%. At the same time, Senegal (+45.7%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +45.7% from 2012-2022. By contrast, Ghana (-23.1%) and Nigeria (-25.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mali and Senegal increased by +36 and +15 percentage points, respectively.

In value terms, Senegal ($X), Mali ($X) and Nigeria ($X) were the countries with the highest levels of exports in 2022, together comprising 81% of total exports.

Senegal, with a CAGR of +47.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by -7.2% against the previous year. Over the period under review, the export price, however, recorded a resilient increase. The growth pace was the most rapid in 2019 an increase of 193% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained 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 Nigeria ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+37.4%), while the other leaders experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports in Western Africa

In 2022, supplies from abroad of articles of graphite or other carbon for electrical purposes decreased by -3.5% to X tons, falling for the second year in a row after seven years of growth. Overall, imports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 142%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, carbon for electrical purposes imports surged to $X in 2022. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 61%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Nigeria prevails in imports structure, accounting for X tons, which was approx. 92% of total imports in 2022. It was distantly followed by Mali (X tons), making up a 5.8% share of total imports.

Nigeria was also the fastest-growing in terms of the articles of graphite or other carbon for electrical purposes imports, with a CAGR of +9.1% from 2012 to 2022. Mali (-12.6%) illustrated a downward trend over the same period. While the share of Nigeria (+40 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mali (-24.1 p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported articles of graphite or other carbon for electrical purposes in Western Africa, comprising 78% of total imports. The second position in the ranking was taken by Mali ($X), with a 5.6% share of total imports.

In Nigeria, carbon for electrical purposes imports expanded at an average annual rate of +14.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, with an increase of 48% against the previous year. Over the period under review, the import price showed temperate growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 88%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mali ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.3%).

Source: IndexBox Platform

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