ECOWAS: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in ECOWAS

The ECOWAS ferro-cerium and pyrophoric alloys market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption recorded a tangible expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in ECOWAS

In value terms, ferro-cerium and pyrophoric alloys production expanded sharply to $X in 2022 estimated in export price. In general, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports in ECOWAS

In 2022, overseas shipments of ferro-cerium and pyrophoric alloys increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ferro-cerium and pyrophoric alloys exports surged to $X in 2022. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire represented the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Senegal (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ferro-cerium and pyrophoric alloys exports from Cote d'Ivoire stood at X%. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Cote d'Ivoire and Senegal increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest ferro-cerium and pyrophoric alloys supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Cote d'Ivoire totaled X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a dramatic decrease. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports in ECOWAS

In 2022, the amount of ferro-cerium and pyrophoric alloys imported in ECOWAS surged to X tons, with an increase of X% compared with the previous year. In general, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2022. Overall, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria represented the major importer of ferro-cerium and pyrophoric alloys in ECOWAS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Senegal (X tons) and Ghana (X tons), together committing a X% share of total imports. Togo (X tons) took a little share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Togo (X%), Senegal (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported ferro-cerium and pyrophoric alloys in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with an X% share of total imports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, reducing by X% against the previous year. In general, the import price saw a pronounced decrease. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Togo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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