Western Africa - Oxides of Boron and Boric Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Market for Oxides Of Boron and Boric Acids 2024
Market Size for Oxides Of Boron and Boric Acids in Western Africa
The West African market for oxides of boron and boric acids surged to $X in 2021, rising by 30% against the previous year. Over the period under review, consumption recorded a moderate expansion. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.
Production of Oxides Of Boron and Boric Acids in Western Africa
In value terms, boron oxide and boric acid production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 8.9% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.
Exports of Oxides Of Boron and Boric Acids
Exports in Western Africa
In 2021, the amount of oxides of boron and boric acids exported in Western Africa skyrocketed to X tons, growing by 42% against 2020 figures. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 12,640%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.
In value terms, boron oxide and boric acid exports rose modestly to $X in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,608% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.
Exports by Country
In 2021, Nigeria (X tons) was the main exporter of oxides of boron and boric acids, achieving 83% of total exports. It was distantly followed by Mauritania (X tons), comprising a 13% share of total exports. Senegal (X tons) held a relatively small share of total exports.
Nigeria was also the fastest-growing in terms of the oxides of boron and boric acids exports, with a CAGR of +25.0% from 2012 to 2021. Mauritania and Senegal experienced a relatively flat trend pattern. Nigeria (+83 p.p.) and Mauritania (+13 p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by -88.2% from 2012 to 2021, respectively.
In value terms, Nigeria ($X), Mauritania ($X) and Senegal ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 93% of total exports.
Among the main exporting countries, Mauritania, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.
Export Prices by Country
The export price in Western Africa stood at $X per ton in 2021, reducing by -27.7% against the previous year. In general, the export price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2017 when the export price increased by 220% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (-3.3%).
Imports of Oxides Of Boron and Boric Acids
Imports in Western Africa
In 2021, approx. X tons of oxides of boron and boric acids were imported in Western Africa; rising by 81% on the previous year's figure. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 294%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.
In value terms, boron oxide and boric acid imports soared to $X in 2021. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 247% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.
Imports by Country
Nigeria dominates imports structure, reaching X tons, which was approx. 82% of total imports in 2021. It was distantly followed by Senegal (X tons), making up a 6.4% share of total imports. Guinea (X tons), Ghana (X tons), Cote d'Ivoire (X tons) and Togo (X tons) followed a long way behind the leaders.
Imports into Nigeria increased at an average annual rate of +22.5% from 2012 to 2021. At the same time, Guinea (+58.2%) and Togo (+34.3%) displayed positive paces of growth. Moreover, Guinea emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +58.2% from 2012-2021. By contrast, Cote d'Ivoire (-7.9%), Senegal (-9.6%) and Ghana (-12.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Nigeria and Guinea increased by +54 and +3.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Nigeria ($X) constitutes the largest market for imported oxides of boron and boric acids in Western Africa, comprising 71% of total imports. The second position in the ranking was taken by Senegal ($X), with a 12% share of total imports. It was followed by Guinea, with a 4.8% share.
In Nigeria, boron oxide and boric acid imports increased at an average annual rate of +18.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Senegal (-3.0% per year) and Guinea (+59.0% per year).
Import Prices by Country
In 2021, the import price in Western Africa amounted to $X per ton, falling by -2.6% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+7.3%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for boron oxide and boric acid 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 20132462 -
- Prodcom 20132465 -
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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