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Report Western Africa - Zirconium - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Western Africa - Zirconium - Market Analysis, Forecast, Size, Trends and Insights

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Western Africa: Zirconium Market 2024

Zirconium Market Size in Western Africa

The West African zirconium market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, posted a temperate expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Zirconium Production in Western Africa

In value terms, zirconium production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 7.2%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Zirconium Exports

Exports in Western Africa

In 2018, after two years of decline, there was decline in shipments abroad of zirconium, when their volume decreased by 0% to X tons. Overall, exports posted a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the maximum in 2018 and are likely to see steady growth in the immediate term.

In value terms, zirconium exports amounted to $X in 2018. Over the period under review, exports recorded significant growth. The smallest decline of 99.9% was in 2016. The level of export peaked in 2018 and is likely to continue growth in the near future.

Export Prices by Country

In 2018, the export price in Western Africa amounted to $X per ton, waning by -85.9% against the previous year. Overall, the export price faced a sharp slump. The most prominent rate of growth was recorded in 2013 a decrease of -34.2%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2018, the export prices remained at a lower figure.

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

From 2012 to 2018, the rate of growth in terms of prices for Sierra Leone amounted to 0.0% per year.

Zirconium Imports

Imports in Western Africa

After four years of growth, purchases abroad of zirconium decreased by -6.8% to X tons in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 46%. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, zirconium imports fell modestly to $X in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 38%. The level of import peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Senegal (X tons) represented roughly 100% of total imports in 2022.

Senegal was also the fastest-growing in terms of the zirconium imports, with a CAGR of +16.6% from 2016 to 2022. While the share of Senegal (+99 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported zirconium in Western Africa.

From 2016 to 2022, the average annual rate of growth in terms of value in Senegal stood at +13.0%.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, growing by 2.5% against the previous year. In general, the import price, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2020 an increase of 2.5%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Senegal.

From 2016 to 2022, the rate of growth in terms of prices for Senegal amounted to -3.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Sierra Leone constituted the country with the largest volume of zirconium consumption, accounting for 90% of total volume. Moreover, zirconium consumption in Sierra Leone exceeded the figures recorded by the second-largest consumer, Senegal, ninefold.
Sierra Leone constituted the country with the largest volume of zirconium production, accounting for 100% of total volume.
In value terms, Senegal constitutes the largest market for imported zirconium in Western Africa.
In 2018, the export price in Western Africa amounted to $208 per ton, dropping by -85.9% against the previous year.
The import price in Western Africa stood at $2,222 per ton in 2021, jumping by 21% against the previous year.

This report provides an in-depth analysis of the zirconium 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:

    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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 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. 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. 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. 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

    12. 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

    13. 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

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