Western Africa: Graphite Market 2024

Graphite Market Size in Western Africa

After two years of growth, the West African graphite market decreased by X% to $X in 2022. Over the period under review, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Graphite Production in Western Africa

In value terms, graphite production reached $X in 2022 estimated in export price. The total production indicated a perceptible increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Graphite Exports

Exports in Western Africa

In 2022, overseas shipments of graphite (natural) decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, graphite exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Niger dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Mauritania (X tons) held the second position in the ranking, followed by Sierra Leone (X tons). All these countries together took approx. X% share of total exports. Nigeria (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to graphite exports from Niger stood at X%. At the same time, Mauritania (X%), Nigeria (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Niger (X p.p.), Mauritania (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest graphite supplying countries in Western Africa were Mauritania ($X), Sierra Leone ($X) and Niger ($X), together accounting for X% of total exports.

Among the main exporting countries, Mauritania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 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 Mauritania ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Graphite Imports

Imports in Western Africa

In 2022, after two years of growth, there was significant decline in purchases abroad of graphite (natural), when their volume decreased by X% to X tons. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, graphite imports surged to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X tons) was the largest importer of graphite (natural), creating X% of total imports. Burkina Faso (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritania (X%). Ghana (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to graphite imports into Nigeria stood at X%. At the same time, Burkina Faso (X%) and Mauritania (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Ghana experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Burkina Faso (X p.p.) and Mauritania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported graphite (natural) in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Burkina Faso ($X), with a X% share of total imports. It was followed by Mauritania, 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: Burkina Faso (X% per year) and Mauritania (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, picking up by X% against the previous year. In general, the import price posted resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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