Western Africa: Market for Calcined And Sintered Dolomite 2024

Market Size for Calcined And Sintered Dolomite in Western Africa

After five years of growth, the West African calcined and sintered dolomite market decreased by -2.7% to $X in 2021. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Calcined And Sintered Dolomite in Western Africa

In value terms, calcined and sintered dolomite production dropped to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 19%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Exports of Calcined And Sintered Dolomite

Exports in Western Africa

In 2021, after five years of decline, there was decline in overseas shipments of calcined and sintered dolomite, when their volume decreased by 0% to X tons. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 100%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, calcined and sintered dolomite exports stood at $X in 2021. Over the period under review, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2013 when exports increased by 120% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of calcined and sintered dolomite, namely Nigeria, represented more than two-thirds of total export.

Nigeria was also the fastest-growing in terms of the calcined and sintered dolomite exports, with a CAGR of -28.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest calcined and sintered dolomite supplier in Western Africa.

In Nigeria, calcined and sintered dolomite exports shrank by an average annual rate of -30.9% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, increasing by 3.6% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2013 an increase of 10%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -4.1% per year.

Imports of Calcined And Sintered Dolomite

Imports in Western Africa

In 2021, approx. X tons of calcined and sintered dolomite were imported in Western Africa; picking up by 30% compared with the previous year. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 181% 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, calcined and sintered dolomite imports soared to $X in 2021. In general, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 62%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria was the main importing country with an import of about X tons, which reached 82% of total imports. It was distantly followed by Senegal (X tons), achieving a 13% share of total imports. The following importers - Ghana (X tons) and Cote d'Ivoire (X tons) - each reached a 3.5% share of total imports.

Nigeria was also the fastest-growing in terms of the calcined and sintered dolomite imports, with a CAGR of +27.4% from 2012 to 2021. At the same time, Senegal (+11.6%) displayed positive paces of growth. By contrast, Ghana (-4.7%) and Cote d'Ivoire (-26.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria and Senegal increased by +61 and +2 percentage points, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported calcined and sintered dolomite in Western Africa, comprising 81% of total imports. The second position in the ranking was held by Senegal ($X), with a 9.1% share of total imports. It was followed by Ghana, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value in Nigeria amounted to +30.2%. In the other countries, the average annual rates were as follows: Senegal (+2.5% per year) and Ghana (-9.4% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, rising by 8.4% against the previous year. In general, the import price showed modest growth. The most prominent rate of growth was recorded in 2013 an increase of 125% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+6.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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