ECOWAS: Market for Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides 2024

Market Size for Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides in ECOWAS

After three years of decline, the ECOWAS market for phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides increased by X% to $X in 2022. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides in ECOWAS

In value terms, production of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides reduced slightly to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides

Exports in ECOWAS

In 2021, exports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides in ECOWAS totaled X kg, approximately equating the previous year's figure. Over the period under review, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X kg in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides totaled $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The biggest shipments were from Nigeria (X kg), together finishing at X% of total export.

Nigeria was also the fastest-growing in terms of the phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides exports, with a CAGR of X% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In Nigeria, exports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides increased at an average annual rate of X% over the period from 2012-2021.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the export price continues to indicate significant growth. The growth pace was the most rapid in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2020, and then stood in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to X% per year.

Imports of Phosphides (Excluding Ferrophosphorus), Hydrides, Nitrides, Azides, Silicides and Borides

Imports in ECOWAS

In 2022, purchases abroad of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides was finally on the rise to reach X tons after two years of decline. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides soared to $X in 2022. Over the period under review, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Nigeria was the largest importer of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides in ECOWAS, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Gambia (X tons), committing a X% share of total imports. Niger (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphides, hydrides, nitrides, azides, silicides and borides imports into Nigeria stood at X%. At the same time, Niger (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Gambia experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Gambia (X p.p.) and Niger (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with an X% share of total imports.

In Nigeria, imports of phosphides (excluding ferrophosphorus), hydrides, nitrides, azides, silicides and borides increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Gambia (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Niger ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Niger (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform