Western Africa: Propellant Powders Market 2024

Propellant Powders Market Size in Western Africa

In 2021, the West African propellant powders market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.3% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Propellant Powders Production in Western Africa

In value terms, propellant powders production rose notably to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.9% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 31% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Propellant Powders Exports

Exports in Western Africa

In 2020, the amount of propellant powders exported in Western Africa surged to X tons, jumping by 15% against 2019 figures. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 33,107% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

In value terms, propellant powders exports reduced sharply to $X in 2020. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 28,849%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

In 2020, Nigeria (X tons) was the major exporter of propellant powders in Western Africa, making up 100% of total export.

Nigeria was also the fastest-growing in terms of the propellant powders exports, with a CAGR of +99.9% from 2012 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2020, the average annual growth rate of value in Nigeria totaled +71.3%.

Export Prices by Country

In 2020, the export price in Western Africa amounted to $X per ton, reducing by -33.4% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 4,543%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, 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 2012 to 2020, the rate of growth in terms of prices for Nigeria amounted to -14.3% per year.

Propellant Powders Imports

Imports in Western Africa

Propellant powders imports dropped sharply to X tons in 2021, reducing by -38.6% against the previous year's figure. In general, imports showed a sharp slump. The most prominent rate of growth was recorded in 2013 with an increase of 194%. 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, propellant powders imports fell sharply to $X in 2021. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 151%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Mali (X tons) represented the largest importer of propellant powders, committing 63% of total imports. Nigeria (X kg) took a 24% share (based on physical terms) of total imports, which put it in second place, followed by Sierra Leone (8.2%). Ghana (X kg) held a minor share of total imports.

Imports into Mali decreased at an average annual rate of -23.3% from 2012 to 2021. Ghana (-20.0%), Nigeria (-32.0%) and Sierra Leone (-39.5%) illustrated a downward trend over the same period. Mali (+36 p.p.) and Ghana (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria and Sierra Leone saw its share reduced by -7% and -22.1% from 2012 to 2021, respectively.

In value terms, Mali ($X) constitutes the largest market for imported propellant powders in Western Africa, comprising 66% of total imports. The second position in the ranking was taken by Nigeria ($X), with a 22% share of total imports. It was followed by Sierra Leone, with an 11% share.

In Mali, propellant powders imports contracted by an average annual rate of -11.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (-22.3% per year) and Sierra Leone (-26.3% per year).

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2014 when the import price increased by 255% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Sierra Leone ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+21.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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