Africa: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Africa

The African polyethylene glycol and polyether market expanded modestly to $X in 2023, increasing by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Africa

In value terms, polyethylene glycol and polyether production rose slightly to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports in Africa

In 2023, the amount of polyethylene glycols and polyethers in primary forms exported in Africa skyrocketed to X tons, with an increase of X% compared with the year before. Over the period under review, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports surged to $X in 2023. Overall, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X tons) and Morocco (X tons) dominates exports structure, together achieving X% of total exports. It was distantly followed by Uganda (X tons), making up a X% share of total exports. Kenya (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Tanzania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Tanzania ($X) and Uganda ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

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

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt decline. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uganda ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uganda (X%), while the other leaders experienced a decline in the export price figures.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports in Africa

In 2023, the amount of polyethylene glycols and polyethers in primary forms imported in Africa contracted to X tons, leveling off at the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports expanded slightly to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Nigeria (X tons), distantly followed by Morocco (X tons), Ethiopia (X tons), Algeria (X tons), Kenya (X tons), Tanzania (X tons) and Uganda (X tons) represented the largest importers of polyethylene glycols and polyethers in primary forms, together constituting X% of total imports. Tunisia (X tons), Libya (X tons), Ghana (X tons), Cote d'Ivoire (X tons), Senegal (X tons) and Djibouti (X tons) held a relatively small share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Ethiopia (X%), Djibouti (X%), Cote d'Ivoire (X%), Senegal (X%), Uganda (X%), Tunisia (X%), Morocco (X%), Tanzania (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Ethiopia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Kenya experienced a relatively flat trend pattern. By contrast, Algeria (X%) and Libya (X%) illustrated a downward trend over the same period. Ethiopia (X p.p.), Nigeria (X p.p.), Morocco (X p.p.), Uganda (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria and Libya saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest polyethylene glycol and polyether importing markets in Africa were Nigeria ($X), Morocco ($X) and Algeria ($X), together accounting for X% of total imports. Ethiopia, Kenya, Tanzania, Uganda, Tunisia, Libya, Ghana, Senegal, Djibouti and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Ethiopia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, 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 Tanzania ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform