ECOWAS: Lead Market 2024

Lead Market Size in ECOWAS

The ECOWAS lead market amounted to $X in 2022, standing approx. at the previous year. In general, consumption continues to indicate a mild downturn. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Lead Production in ECOWAS

In value terms, lead production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Lead Exports

Exports in ECOWAS

In 2022, overseas shipments of lead increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, lead exports expanded rapidly to $X in 2022. Overall, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Nigeria represented the largest exporting country with an export of around X tons, which finished at X% of total exports. Ghana (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Senegal (X%).

From 2012 to 2022, average annual rates of growth with regard to lead exports from Nigeria stood at X%. At the same time, Senegal (X%) and Ghana (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 Nigeria and Senegal increased by X and X percentage points, respectively.

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

In Nigeria, lead exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2017 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.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced mixed trends in the export price figures.

Lead Imports

Imports in ECOWAS

In 2022, after two years of decline, there was growth in purchases abroad of lead, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a dramatic contraction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, lead imports shrank dramatically to $X in 2022. In general, imports, however, faced a precipitous slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Nigeria (X tons) represented the major importer of lead, generating X% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Benin (X%) and Burkina Faso (X%). The following importers - Liberia (X tons) and Senegal (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lead imports into Nigeria stood at X%. At the same time, Cote d'Ivoire (X%), Burkina Faso (X%) and Liberia (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Ghana (X%), Benin (X%) and Senegal (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.), Ghana (X p.p.), Burkina Faso (X p.p.) and Liberia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Senegal (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X), Ghana ($X) and Liberia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Senegal, Cote d'Ivoire, Benin and Burkina Faso lagged somewhat behind, together comprising a further X%.

Cote d'Ivoire, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, 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 Liberia ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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