Report Update Mar 1, 2025

Western Africa - Copper - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Copper Market 2025

Copper Market Size in Western Africa

The West African copper market dropped to $X in 2022, remaining stable against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Copper Production in Western Africa

In value terms, copper production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 44%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Copper Exports

Exports in Western Africa

In 2022, shipments abroad of copper increased by 64% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 547%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, copper exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 488%. The level of export peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

In 2022, Togo (X tons) was the major exporter of copper, comprising 72% of total exports. It was distantly followed by Nigeria (X tons), generating a 27% share of total exports.

Togo was also the fastest-growing in terms of the copper exports, with a CAGR of +179.6% from 2012 to 2022. Nigeria experienced a relatively flat trend pattern. From 2012 to 2022, the share of Togo increased by +72 percentage points.

In value terms, Nigeria ($X) remains the largest copper supplier in Western Africa, comprising 96% of total exports. The second position in the ranking was held by Togo ($X), with a 2.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at -1.2%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, dropping by -53.3% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 95%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Togo totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-1.4%).

Copper Imports

Imports in Western Africa

Copper imports fell to X tons in 2022, with a decrease of -6.3% compared with the previous year. Overall, imports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 212%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, copper imports shrank rapidly to $X in 2022. In general, imports, however, saw a notable increase. The most prominent rate of growth was recorded in 2017 with an increase of 396%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X tons) and Niger (X tons) were the major importers of copper in Western Africa, together amounting to near 65% of total imports. Liberia (X tons) held the next position in the ranking, followed by Togo (X tons) and Ghana (X tons). All these countries together held approx. 23% share of total imports. Senegal (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported copper in Western Africa, comprising 49% of total imports. The second position in the ranking was taken by Ghana ($X), with a 16% share of total imports. It was followed by Liberia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at +6.5%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (-7.3% per year) and Liberia (+30.6% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, waning by -26.7% against the previous year. Overall, the import price, however, recorded modest growth. The most prominent rate of growth was recorded in 2017 when the import price increased by 173%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ghana ($X per ton), while Niger ($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 (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper in Western Africa?

Mauritania remains the largest copper consuming country in Western Africa, comprising approx. 97% of total volume. It was followed by Nigeria, with a 3% share of total consumption.

What are the largest producers of copper in Western Africa?

Mauritania constituted the country with the largest volume of copper production, comprising approx. 93% of total volume. Moreover, copper production in Mauritania exceeded the figures recorded by the second-largest producer, Nigeria, more than tenfold.

What are the leading exporters of copper in Western Africa?

In value terms, Nigeria remains the largest copper supplier in Western Africa.

What are the leading importers of copper in Western Africa?

In value terms, the largest copper importing markets in Western Africa were Niger, Nigeria and Liberia, together comprising 85% of total imports.

What is the average export price for copper in Western Africa?

The export price in Western Africa stood at $5,774 per ton in 2021, standing approx. at the previous year.

What is the average import price for copper in Western Africa?

In 2021, the import price in Western Africa amounted to $15,712 per ton, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the copper market in Western Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Mauritania
Niger
Nigeria
Saint Helena, Ascension and Tristan da Cunha
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Western Africa, split by region and country
Trade (exports and imports) in Western Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024