Report Update Nov 1, 2024

Western Africa - Platinum Catalysts - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in Western Africa

The West African platinum catalysts market soared to $X in 2022, with an increase of 17% against the previous year. Overall, consumption showed a measured expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Platinum Catalysts Production in Western Africa

In value terms, platinum catalysts production reached $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 26%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Platinum Catalysts Exports

Exports in Western Africa

In 2022, approx. X kg of platinum catalysts were exported in Western Africa; which is down by -49.9% against 2021 figures. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 90,400% against the previous year. As a result, the exports attained the peak of X kg, and then contracted significantly in the following year.

In value terms, platinum catalysts exports dropped sharply to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 94,709%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

In 2022, Nigeria (X kg) was the major exporter of platinum catalysts in Western Africa, making up 100% of total export.

Nigeria was also the fastest-growing in terms of the platinum catalysts exports, with a CAGR of +28.8% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest platinum catalysts supplier in Western Africa.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to +49.7%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price, however, saw a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 1,251% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Nigeria amounted to +16.2% per year.

Platinum Catalysts Imports

Imports in Western Africa

In 2022, overseas purchases of platinum catalysts decreased by -17.8% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 3,022%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, platinum catalysts imports dropped notably to $X in 2022. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 277% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria (X kg) and Ghana (X kg) dominates imports structure, together creating 94% of total imports. It was distantly followed by Mali (X kg), mixing up a 5.3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +66.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Mali ($X) constitutes the largest market for imported platinum catalysts in Western Africa, comprising 64% of total imports. The second position in the ranking was held by Nigeria ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mali amounted to +27.3%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (-14.0% per year) and Ghana (+45.3% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by -10.1% against the previous year. Overall, the import price, however, continues to indicate a notable increase. The pace of growth appeared the most rapid in 2018 when the import price increased by 2,793%. The level of import peaked at $X per ton in 2015; however, from 2016 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 Mali ($X per ton), while Ghana ($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 (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum catalysts in Western Africa?

Nigeria remains the largest platinum catalysts consuming country in Western Africa, comprising approx. 90% of total volume. Moreover, platinum catalysts consumption in Nigeria exceeded the figures recorded by the second-largest consumer, Senegal, more than tenfold.

What are the leading exporters of platinum catalysts in Western Africa?

In value terms, Nigeria remains the largest platinum catalysts supplier in Western Africa.

What are the leading importers of platinum catalysts in Western Africa?

In value terms, Nigeria constitutes the largest market for imported platinum catalysts in Western Africa, comprising 50% of total imports. The second position in the ranking was occupied by Ghana, with a 3.6% share of total imports.

What is the average export price for platinum catalysts in Western Africa?

The export price in Western Africa stood at $1,811 per ton in 2021, with a decrease of -15.5% against the previous year.

What is the average import price for platinum catalysts in Western Africa?

In 2021, the import price in Western Africa amounted to $2,068 per ton, waning by -39.2% against the previous year.

This report provides an in-depth analysis of the platinum catalysts 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:

Prodcom 24413070 - Platinum catalysts in the form of wire cloth or grill

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
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. 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. 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
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
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