Western Africa: Market for Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives 2024

Market Size for Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in Western Africa

The West African market for alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives was finally on the rise to reach $X in 2023, after three years of decline. Overall, consumption, however, continues to indicate a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in Western Africa

In value terms, production of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives rose sharply to $X in 2023 estimated in export price. In general, production saw a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in years to come.

Exports of Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Exports in Western Africa

In 2020, overseas shipments of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X kg for the first time since 2017, thus ending a two-year declining trend. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019, and then declined significantly in the following year.

In value terms, exports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives fell dramatically to $X in 2020. Over the period under review, exports continue to indicate a significant decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019, and then shrank significantly in the following year.

Exports by Country

In 2020, Senegal (X kg) represented the main exporter of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives, achieving X% of total exports. It was distantly followed by Cote d'Ivoire (X kg), committing a X% share of total exports.

From 2012 to 2020, average annual rates of growth with regard to alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from Senegal stood at X%. Cote d'Ivoire (X%) illustrated a downward trend over the same period. Senegal (X p.p.) and Cote d'Ivoire (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, Senegal ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of exports in 2020.

Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2020, the export price in Western Africa amounted to $X per ton, growing by X% against the previous year. Overall, the export price saw temperate growth. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Imports of Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Imports in Western Africa

In 2023, purchases abroad of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, imports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives rose notably to $X in 2023. Over the period under review, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Nigeria prevails in derivatives structure, reaching X tons, which was approx. X% of total imports in 2023. Cote d'Ivoire (X tons) held the second position in the ranking, followed by Senegal (X tons). All these countries together took approx. X% share of total imports. Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives imports into Nigeria stood at X%. At the same time, Ghana (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

In Nigeria, imports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ghana ($X per ton), while Senegal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform