Western Africa: Market for Cyanides, Cyanide Oxides And Complex Cyanides 2024

Market Size for Cyanides, Cyanide Oxides And Complex Cyanides in Western Africa

The West African cyanides and cyanide oxides market rose modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cyanides, Cyanide Oxides And Complex Cyanides in Western Africa

In value terms, cyanides and cyanide oxides production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with a decrease of X%. Over the period under review, production attained the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Cyanides, Cyanide Oxides And Complex Cyanides

Exports in Western Africa

After seven years of growth, overseas shipments of cyanides, cyanide oxides and complex cyanides decreased by X% to X tons in 2022. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, cyanides and cyanide oxides exports dropped to $X in 2022. Over the period under review, exports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Togo (X tons) represented the key exporter of cyanides, cyanide oxides and complex cyanides, making up X% of total exports. Ghana (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mali (X%). Niger (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cyanides and cyanide oxides exports from Togo stood at X%. At the same time, Niger (X%) and Mali (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. While the share of Togo (X p.p.), Mali (X p.p.) and Niger (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, the largest cyanides and cyanide oxides supplying countries in Western Africa were Togo ($X), Ghana ($X) and Mali ($X), together comprising X% of total exports.

Among the main exporting countries, Togo, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the export price figures.

Imports of Cyanides, Cyanide Oxides And Complex Cyanides

Imports in Western Africa

In 2022, the amount of cyanides, cyanide oxides and complex cyanides imported in Western Africa declined to X tons, with a decrease of X% compared with 2021. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cyanides and cyanide oxides imports rose rapidly to $X in 2022. Total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Burkina Faso (X tons) and Cote d'Ivoire (X tons) were the key importers of cyanides, cyanide oxides and complex cyanides in 2022, amounting to approx. X% and X% of total imports, respectively. Ghana (X tons) took the next position in the ranking, followed by Mali (X tons), Niger (X tons) and Togo (X tons). All these countries together took approx. X% share of total imports. Senegal (X tons) took a minor share of total imports.

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

In value terms, Burkina Faso ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mali, Niger, Senegal and Togo lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Togo, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Western Africa stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Togo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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