We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report Western Africa - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Western Africa - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Western Africa: Lithium Oxide Market 2025

Lithium Oxide Market Size in Western Africa

The West African lithium oxide market surged to $X in 2021, jumping by 25% against the previous year. Overall, consumption posted prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Lithium Oxide Production in Western Africa

In value terms, lithium oxide production rose to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.8% against 2016 indices. The growth pace was the most rapid in 2016 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Lithium Oxide Exports

Exports in Western Africa

In 2021, shipments abroad of lithium oxides decreased by 0% to X kg, falling for the second consecutive year after five years of growth. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 113%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, lithium oxide exports amounted to $X in 2021. Over the period under review, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 114% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2021, shrinking by -10.1% against the previous year. In general, the export price, however, enjoyed significant growth. The growth pace was the most rapid in 2014 an increase of 463% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Nigeria.

From 2013 to 2021, the rate of growth in terms of prices for Nigeria amounted to -3.4% per year.

Lithium Oxide Imports

Imports in Western Africa

Lithium oxide imports surged to X tons in 2021, jumping by 26% compared with the previous year. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 355% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, lithium oxide imports contracted to $X in 2021. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 207%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Ghana was the main importer of lithium oxides in Western Africa, with the volume of imports finishing at X tons, which was approx. 79% of total imports in 2021. It was distantly followed by Nigeria (X tons), comprising a 17% share of total imports. Senegal (X tons) held a relatively small share of total imports.

Imports into Ghana increased at an average annual rate of +12.2% from 2012 to 2021. At the same time, Senegal (+89.7%) and Nigeria (+29.3%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +89.7% from 2012-2021. From 2012 to 2021, the share of Nigeria and Senegal increased by +11 and +4.4 percentage points, respectively.

In value terms, Nigeria ($X), Ghana ($X) and Senegal ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 100% of total imports.

Senegal, with a CAGR of +67.6%, saw 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, which is down by -22.4% against the previous year. Over the period under review, the import price, however, posted strong growth. The pace of growth was the most pronounced in 2017 an increase of 141%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Ghana (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of lithium oxide consumption was Ghana, accounting for 92% of total volume. Moreover, lithium oxide consumption in Ghana exceeded the figures recorded by the second-largest consumer, Nigeria, more than tenfold.
Niger remains the largest lithium oxide producing country in Western Africa, comprising approx. 100% of total volume.
In value terms, Nigeria remains the largest lithium oxide supplier in Western Africa.
In value terms, Ghana constitutes the largest market for imported lithium oxides in Western Africa, comprising 46% of total imports. The second position in the ranking was occupied by Nigeria, with an 18% share of total imports.
The lithium oxide export price in Western Africa stood at $386 per ton in 2019, surging by 28% against the previous year.
In 2020, the lithium oxide import price in Western Africa amounted to $7,190 per ton, surging by 40% against the previous year.

This report provides an in-depth analysis of the lithium oxide 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:

    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 2012–2024
      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 2012–2024
      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 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

    13. 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

    Recommended reports

    Asia - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Feb 1, 2025
    Eye 212

    This report provides an in-depth analysis of the lithium oxide market in Asia.

    World - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Feb 1, 2025
    Eye 1579

    This report provides an in-depth analysis of the global lithium oxide market.

    EU - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Feb 1, 2025
    Eye 257

    This report provides an in-depth analysis of the lithium oxide market in the EU.

    U.S. - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Feb 1, 2025
    Eye 191

    This report provides an in-depth analysis of the lithium oxide market in the U.S..

    China - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights
    $599
    Feb 1, 2025
    Eye 262

    This report provides an in-depth analysis of the lithium oxide market in China.

    Free Data: Lithium Oxide and Hydroxide - Western Africa
    Table
    Lithium Oxide and Hydroxide - Western Africa - Table
    Dashboard
    Lithium Oxide and Hydroxide - Western Africa - Dashboard
    Report
    Lithium Oxide and Hydroxide - Western Africa - Report