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Report Western Africa - Copper Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Western Africa: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Western Africa

The West African copper ores and concentrates market soared to $X in 2021, growing by 39% against the previous year. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Copper Ores And Concentrates in Western Africa

In value terms, copper ores and concentrates production soared to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.2% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Copper Ores And Concentrates

Exports in Western Africa

For the sixth year in a row, Western Africa recorded decline in shipments abroad of copper ores and concentrates, which decreased by -11.8% to X tons in 2021. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when exports increased by 94% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, copper ores and concentrates exports surged to $X in 2021. In general, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 37%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mauritania dominates exports structure, finishing at X tons, which was near 98% of total exports in 2021. Guinea (X tons) took a little share of total exports.

Mauritania was also the fastest-growing in terms of the copper ores and concentrates exports, with a CAGR of -5.1% from 2012 to 2021. Guinea (-19.4%) illustrated a downward trend over the same period. While the share of Mauritania (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Guinea (-5.9 p.p.) displayed negative dynamics.

In value terms, Mauritania ($X) remains the largest copper ores and concentrates supplier in Western Africa, comprising 89% of total exports. The second position in the ranking was taken by Guinea ($X), with a 9.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mauritania totaled -2.1%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, jumping by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Guinea ($X per ton), while Mauritania stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guinea (+13.1%).

Imports of Copper Ores And Concentrates

Imports in Western Africa

In 2021, overseas purchases of copper ores and concentrates decreased by -51.9% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a sharp slump. The pace of growth appeared the most rapid in 2013 when imports increased by 88% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, copper ores and concentrates imports soared to $X in 2021. Overall, imports recorded a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Guinea-Bissau (X tons) and Nigeria (X tons) prevails in imports structure, together achieving 96% of total imports. Ghana (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ghana (with a CAGR of +16.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Nigeria ($X), Guinea-Bissau ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

Guinea-Bissau, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, increasing by 214% against the previous year. In general, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Nigeria ($X per ton), while Ghana ($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 (+4.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of copper ores and concentrates consumption was Mauritania, comprising approx. 69% of total volume. Moreover, copper ores and concentrates consumption in Mauritania exceeded the figures recorded by the second-largest consumer, Guinea, twofold.
Mauritania constituted the country with the largest volume of copper ores and concentrates production, accounting for 80% of total volume. Moreover, copper ores and concentrates production in Mauritania exceeded the figures recorded by the second-largest producer, Guinea, fourfold.
In value terms, Mauritania remains the largest copper ores and concentrates supplier in Western Africa, comprising 86% of total exports. The second position in the ranking was occupied by Guinea, with a 14% share of total exports.
In value terms, Nigeria constitutes the largest market for imported copper ores and concentrates in Western Africa, comprising 92% of total imports. The second position in the ranking was occupied by Mauritania, with a 5.7% share of total imports.
In 2021, the export price in Western Africa amounted to $1,705 per ton, surging by 4.1% against the previous year.
The import price in Western Africa stood at $1,563 per ton in 2021, dropping by -16.3% against the previous year.

This report provides an in-depth analysis of the market for copper ores and concentrates 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 07291100 - Copper ores and concentrates

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 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

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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