Western Africa: Refined Lead Market 2022

Refined Lead Market Size in Western Africa

In 2020, the West African refined lead market decreased by -X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Refined Lead Production in Western Africa

In value terms, refined lead production shrank to $X in 2020 estimated in export prices. The total production indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Production By Country in Western Africa

The country with the largest volume of refined lead production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, refined lead production in Nigeria exceeded the figures recorded by the second-largest producer, Senegal (X tons), threefold.

In Nigeria, refined lead production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Senegal (+X% per year) and Ghana (-X% per year).

Refined Lead Exports

Exports in Western Africa

In 2020, overseas shipments of refined lead decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons, and then shrank sharply in the following year.

In value terms, refined lead exports fell significantly to $X in 2020. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Nigeria prevails in refined lead exports structure, finishing at X tons, which was approx. X% of total exports in 2020. Ghana (X tons) occupied a relatively small share of total exports.

Nigeria was also the fastest-growing in terms of the refined lead exports, with a CAGR of +X% from 2007 to 2020. Ghana (-X%) illustrated a downward trend over the same period. While the share of Nigeria (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Ghana (-X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) remains the largest refined lead supplier in Western Africa, comprising X% of total exports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total exports.

In Nigeria, refined lead exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The refined lead export price in Western Africa stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was Ghana ($X per ton), while Nigeria stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ghana.

Refined Lead Imports

Imports in Western Africa

In 2020, after three years of growth, there was significant decline in overseas purchases of refined lead, when their volume decreased by -X% to X tons. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, refined lead imports dropped sharply to $X in 2020. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

Togo was the major importer of refined lead in Western Africa, with the volume of imports reaching X tons, which was approx. X% of total imports in 2020. Ghana (X tons) ranks second in terms of the total imports with a X% share, followed by Niger (X%) and Senegal (X%). Sierra Leone (X tons) occupied a little share of total imports.

Togo was also the fastest-growing in terms of the refined lead imports, with a CAGR of +X% from 2007 to 2020. At the same time, Niger (+X%) displayed positive paces of growth. Ghana and Senegal experienced a relatively flat trend pattern. By contrast, Sierra Leone (-X%) illustrated a downward trend over the same period. Togo (+X p.p.), Ghana (+X p.p.), Niger (+X p.p.), Senegal (+X p.p.) and Sierra Leone (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) constitutes the largest market for imported refined lead in Western Africa, comprising X% of total imports. The second position in the ranking was occupied by Ghana ($X), with a X% share of total imports. It was followed by Niger, with a X% share.

In Togo, refined lead imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Niger (+X% per year).

Import Prices by Country

In 2020, the refined lead import price in Western Africa amounted to $X per ton, dropping by -X% against the previous year. Import price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, refined lead import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Senegal ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sierra Leone, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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