ECOWAS: Market for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives 2024

Market Size for Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in ECOWAS

The ECOWAS market for acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives fell to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Production of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives in ECOWAS

In value terms, production of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives contracted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production of growth failed to regain momentum.

Exports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Exports in ECOWAS

In 2023, shipments abroad of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives was finally on the rise to reach X kg after four years of decline. Over the period under review, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives expanded slightly to $X in 2023. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives, namely Senegal, represented more than two-thirds of total export.

Senegal was also the fastest-growing in terms of the acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) also remains the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives supplier in ECOWAS.

In Senegal, exports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, almost unchanged from the previous year. In general, the export price showed a mild curtailment. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for Senegal amounted to X% per year.

Imports of Acetals And Hemiacetals And Their Halogenated; Sulphonated; Nitrated Or Nitrosated Derivatives

Imports in ECOWAS

In 2023, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives in ECOWAS rose sharply to X tons, increasing by X% against the year before. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives fell to $X in 2023. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

Nigeria dominates derivatives structure, amounting to X tons, which was near X% of total imports in 2023. It was distantly followed by Senegal (X tons), constituting a X% share of total imports.

Nigeria was also the fastest-growing in terms of the acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives imports, with a CAGR of X% from 2012 to 2023. At the same time, Senegal (X%) displayed positive paces of growth. From 2012 to 2023, the share of Nigeria increased by X percentage points.

In value terms, the largest acetals and hemiacetals and their halogenated; sulphonated; nitrated or nitrosated derivatives importing markets in ECOWAS were Nigeria ($X) and Senegal ($X).

In terms of the main importing countries, Nigeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Source: IndexBox Platform