Western Africa: Slaked Lime Market 2024

Slaked Lime Market Size in Western Africa

The West African slaked lime market shrank to $X in 2021, with a decrease of -6.9% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Slaked Lime Production in Western Africa

In value terms, slaked lime production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Slaked Lime Exports

Exports in Western Africa

Slaked lime exports reduced notably to X tons in 2021, dropping by -28.6% against 2020 figures. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 64% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, slaked lime exports dropped dramatically to $X in 2021. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 58% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ghana (X tons) represented roughly 99% of total exports in 2021.

Ghana was also the fastest-growing in terms of the slaked lime exports, with a CAGR of -5.6% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) also remains the largest slaked lime supplier in Western Africa.

In Ghana, slaked lime exports plunged by an average annual rate of -8.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Western Africa amounted to $X per ton, falling by -6.3% against the previous year. In general, the export price showed a pronounced descent. The growth pace was the most rapid in 2016 when the export price increased by 4.7% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to -2.6% per year.

Slaked Lime Imports

Imports in Western Africa

Slaked lime imports skyrocketed to X tons in 2021, increasing by 28% against the previous year. In general, imports, however, continue to indicate a pronounced decline. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, slaked lime imports surged to $X in 2021. Overall, imports, however, recorded a perceptible shrinkage. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Cote d'Ivoire was the major importing country with an import of around X tons, which amounted to 37% of total imports. Burkina Faso (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (10%), Senegal (10%), Liberia (7.1%), Togo (5.4%), Mauritania (5%) and Ghana (4.8%).

From 2012 to 2021, average annual rates of growth with regard to slaked lime imports into Cote d'Ivoire stood at +6.8%. At the same time, Togo (+106.4%), Liberia (+14.4%), Senegal (+6.7%), Nigeria (+3.7%) and Ghana (+2.0%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +106.4% from 2012-2021. By contrast, Burkina Faso (-5.9%) and Mauritania (-23.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cote d'Ivoire, Senegal, Liberia, Togo, Nigeria and Ghana increased by +22, +5.9, +5.5, +5.4, +4.7 and +1.8 percentage points, respectively.

In value terms, Cote d'Ivoire ($X), Burkina Faso ($X) and Nigeria ($X) were the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. These countries were followed by Senegal, Togo, Ghana, Liberia and Mauritania, which together accounted for a further 29%.

In terms of the main importing countries, Togo, with a CAGR of +101.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2021, declining by -4.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Liberia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mauritania (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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