Western Africa: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Western Africa

The West African market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals shrank slightly to $X in 2021, stabilizing at the previous year. Overall, consumption recorded a mild reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Western Africa

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals reached $X in 2021 estimated in export price. In general, production recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 20%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports in Western Africa

Exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals reached X kg in 2021, with an increase of 9.1% compared with the previous year. Overall, exports, however, faced a sharp decline. The pace of growth was the most pronounced in 2019 with an increase of 16,957%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals amounted to $X in 2021. In general, exports, however, saw a precipitous setback. The pace of growth appeared the most rapid in 2019 with an increase of 860% against the previous year. Over the period under review, the exports of attained 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 chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, namely Nigeria, represented more than two-thirds of total export.

Nigeria was also the fastest-growing in terms of the chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports, with a CAGR of +12.5% from 2012 to 2021. While the share of Nigeria (+98 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest chlorides and phosphorus oxychloride and halides supplier in Western Africa.

In Nigeria, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased at an average annual rate of +12.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, falling by -2.9% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 1,714%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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 -0.1% per year.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports in Western Africa

In 2021, approx. X tons of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals were imported in Western Africa; growing by 19% against the previous year. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 92% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals expanded significantly to $X in 2021. Overall, imports, however, faced a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 171%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Benin (X tons), Ghana (X tons) and Gambia (X tons) represented roughly 71% of total imports in 2021. Mauritania (X kg) ranks next in terms of the total imports with a 9.8% share, followed by Senegal (9.1%) and Nigeria (5.9%). Togo (X kg) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Togo (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chlorides and phosphorus oxychloride and halides importing markets in Western Africa were Ghana ($X), Benin ($X) and Mauritania ($X), with a combined 70% share of total imports.

In terms of the main importing countries, Benin, with a CAGR of +11.7%, 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 2021, the import price in Western Africa amounted to $X per ton, reducing by -11.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 86%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Benin (+13.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :