Africa: Market for Urea Resins And Thiourea Resins In Primary Forms 2024

Market Size for Urea Resins And Thiourea Resins In Primary Forms in Africa

The African urea and thiourea resins market dropped to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Production of Urea Resins And Thiourea Resins In Primary Forms in Africa

In value terms, urea and thiourea resins production dropped modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Exports of Urea Resins And Thiourea Resins In Primary Forms

Exports in Africa

After two years of growth, shipments abroad of urea resins and thiourea resins in primary forms decreased by X% to X tons in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, urea and thiourea resins exports reduced remarkably to $X in 2023. In general, exports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

Egypt represented the largest exporter of urea resins and thiourea resins in primary forms in Africa, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Tunisia (X tons) held the second position in the ranking, followed by South Africa (X tons). All these countries together held near X% share of total exports.

Egypt was also the fastest-growing in terms of the urea resins and thiourea resins in primary forms exports, with a CAGR of X% from 2012 to 2023. Tunisia (X%) and South Africa (X%) illustrated a downward trend over the same period. Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while Tunisia and South Africa saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Egypt ($X) remains the largest urea and thiourea resins supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Egypt amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tunisia (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2023, the export price in Africa amounted to $X per ton, declining by X% against the previous year. Export price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, urea and thiourea resins export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

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 Egypt ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Imports of Urea Resins And Thiourea Resins In Primary Forms

Imports in Africa

After six years of growth, purchases abroad of urea resins and thiourea resins in primary forms decreased by X% to X tons in 2023. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, urea and thiourea resins imports contracted markedly to $X in 2023. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then fell significantly in the following year.

Imports by Country

Nigeria was the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Algeria (X tons), Cote d'Ivoire (X tons), Ethiopia (X tons), Kenya (X tons) and Egypt (X tons), together making up a X% share of total imports. The following importers - Morocco (X tons), Ghana (X tons), Uganda (X tons), Djibouti (X tons), Zambia (X tons), Cameroon (X tons) and Tanzania (X tons) - together made up X% of total imports.

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

In value terms, Nigeria ($X), Algeria ($X) and Egypt ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Cote d'Ivoire, Ethiopia, Morocco, Ghana, Kenya, Djibouti, Cameroon, Uganda, Zambia and Tanzania lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Tanzania, with a CAGR of X%, saw the highest rates of growth with regard to 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, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, 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 Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform