Western Africa: Sulphur Market 2024

Sulphur Market Size in Western Africa

The West African sulphur market contracted modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Sulphur Production in Western Africa

In value terms, sulphur production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sulphur Exports

Exports in Western Africa

In 2022, shipments abroad of sulphur decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphur exports fell notably to $X in 2022. Overall, exports faced a sharp setback. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Cote d'Ivoire (X tons) represented the largest exporter of sulphur, mixing up X% of total exports. Ghana (X kg) held the second position in the ranking, distantly followed by Nigeria (X kg). All these countries together held approx. X% share of total exports. Togo (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Togo (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the largest sulphur supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

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

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, jumping by X% against the previous year. Overall, the export price posted a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Ghana ($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 mixed trends in the export price figures.

Sulphur Imports

Imports in Western Africa

In 2022, supplies from abroad of sulphur was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Total imports indicated a temperate expansion from 2012 to 2022: its volume 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, imports decreased by X% against 2017 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, sulphur imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Senegal (X tons) was the main importer of sulphur, generating X% of total imports. Benin (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Niger (X%). Nigeria (X tons) took a little share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) and Benin (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Niger experienced a relatively flat trend pattern. From 2012 to 2022, the share of Senegal, Benin and Nigeria increased by X, X and X percentage points, respectively.

In value terms, Senegal ($X) constitutes the largest market for imported sulphur in Western Africa, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports. It was followed by Benin, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal stood at X%. In the other countries, the average annual rates were as follows: Niger (X% per year) and Benin (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price recorded a perceptible slump. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 ($X per ton), while Benin ($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 a decline in the import price figures.

Source: IndexBox Platform

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