Western Africa: Market for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals 2025

Market Size for Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Western Africa

In 2021, the West African chloride oxides of metal market was finally on the rise to reach $X after three years of decline. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.0% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals in Western Africa

In value terms, chloride oxides of metal production expanded modestly to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -31.8% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Exports in Western Africa

In 2021, overseas shipments of chloride oxides and chloride hydroxides of copper and other metals decreased by 0% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 when exports increased by 3,114% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, chloride oxides of metal exports amounted to $X in 2021. In general, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 1,590%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, declining by -87.2% against the previous year. Overall, the export price continues to indicate a precipitous slump. The pace of growth was the most pronounced in 2014 when the export price increased by 1,137% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood 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 0.0% per year.

Imports of Chloride Oxides And Chloride Hydroxides Of Copper And Other Metals

Imports in Western Africa

In 2021, imports of chloride oxides and chloride hydroxides of copper and other metals in Western Africa skyrocketed to X tons, growing by 59% compared with the year before. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 112%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, chloride oxides of metal imports soared to $X in 2021. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire represented the major importing country with an import of around X tons, which finished at 39% of total imports. Nigeria (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Burkina Faso (9.6%), Ghana (9%), Liberia (8.9%), Senegal (4.9%) and Sierra Leone (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Liberia (with a CAGR of +69.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chloride oxides of metal importing markets in Western Africa were Nigeria ($X), Cote d'Ivoire ($X) and Burkina Faso ($X), together comprising 73% of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of +71.0%, 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

In 2021, the import price in Western Africa amounted to $X per ton, with an increase of 49% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chloride oxides of metal import price increased by +61.9% against 2019 indices. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Sierra Leone ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :