Western Africa: Market for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites 2024

Market Size for Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Western Africa

In 2022, the West African hypochlorites, chlorites and hypobromites market decreased by -8.1% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption showed a mild setback. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites in Western Africa

In value terms, hypochlorites, chlorites and hypobromites production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 18% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Exports in Western Africa

Hypochlorites, chlorites and hypobromites exports surged to X tons in 2022, increasing by 33% on the year before. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 34%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites exports surged to $X in 2022. Overall, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Senegal dominates exports structure, amounting to X tons, which was approx. 85% of total exports in 2022. It was distantly followed by Nigeria (X tons), making up a 9% share of total exports. The following exporters - Cote d'Ivoire (X tons) and Mali (X tons) - together made up 5.1% of total exports.

From 2012 to 2022, average annual rates of growth with regard to hypochlorites, chlorites and hypobromites exports from Senegal stood at -6.2%. At the same time, Mali (+9.0%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +9.0% from 2012-2022. Nigeria and Cote d'Ivoire experienced a relatively flat trend pattern. Nigeria (+3.8 p.p.) and Mali (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) remains the largest hypochlorites, chlorites and hypobromites supplier in Western Africa, comprising 78% of total exports. The second position in the ranking was taken by Mali ($X), with an 11% share of total exports. It was followed by Nigeria, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at -4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (+22.5% per year) and Nigeria (+2.7% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, reducing by -2.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped slightly in the following year.

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 Mali ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (+12.4%), while the other leaders experienced more modest paces of growth.

Imports of Hypochlorites, Commercial Calcium Hypochlorite, Chlorites And Hypobromites

Imports in Western Africa

In 2022, purchases abroad of hypochlorites, commercial calcium hypochlorite, chlorites and hypobromites decreased by -24.8% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 46% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, hypochlorites, chlorites and hypobromites imports dropped significantly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 46%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Cabo Verde (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Nigeria (X tons), Gambia (X tons), Niger (X tons), Mauritania (X tons), Guinea-Bissau (X tons), Senegal (X tons), Benin (X tons), Burkina Faso (X tons) and Togo (X tons) represented roughly 95% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for Guinea-Bissau (with a CAGR of +20.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2022, together comprising 46% of total imports. Niger, Cabo Verde, Mauritania, Gambia, Senegal, Burkina Faso, Guinea-Bissau, Benin and Togo lagged somewhat behind, together accounting for a further 48%.

Guinea-Bissau, with a CAGR of +22.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, growing by 6% against the previous year. In general, the import price, however, saw a slight decline. The most prominent rate of growth was recorded in 2015 when the import price increased by 22%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Niger ($X per ton), while Guinea-Bissau ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cabo Verde (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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