Western Africa: Market for Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives 2024

Market Size for Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives in Western Africa

After two years of growth, the West African market for esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by X% to $X in 2023. Overall, consumption, however, continues to indicate a prominent increase. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Production of Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives in Western Africa

In value terms, production of esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses declined markedly to $X in 2023 estimated in export price. Overall, production, however, posted strong growth. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives

Exports in Western Africa

In 2020, approx. X kg of esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses were exported in Western Africa; dropping by X% compared with the previous year. Over the period under review, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, exports of esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses dropped sharply to $X in 2020. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

In 2020, Senegal (X kg), distantly followed by Niger (X kg) represented the major exporters of esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses, together committing X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Niger (with a CAGR of X%).

In value terms, Senegal ($X) emerged as the largest esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Niger ($X), with a X% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value in Senegal amounted to X%.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2020, declining by X% against the previous year. In general, the export price, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Niger totaled $X per ton.

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

Imports of Esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivatives

Imports in Western Africa

In 2023, the amount of esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses imported in Western Africa reached X tons, growing by X% compared with the previous year. In general, imports, however, recorded a precipitous slump. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses reached $X in 2023. Over the period under review, imports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. 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 represented the major importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Senegal (X tons), achieving a X% share of total imports.

Imports into Nigeria increased at an average annual rate of X% from 2012 to 2023. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Nigeria and Senegal increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported esters; phosphoric, and their salts, including lactophosphates, their halogenated, sulphonated, nitrated or nitrosated derivativeses in Western Africa, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Nigeria amounted to X%.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

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 Nigeria ($X per ton), while Senegal totaled $X per ton.

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

Source: IndexBox Platform