Africa: Acyclic Hydrocarbons Market 2024

Acyclic Hydrocarbons Market Size in Africa

In 2020, after three years of growth, there was significant decline in the African acyclic hydrocarbons market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2019, and then reduced in the following year.

Acyclic Hydrocarbons Production in Africa

In value terms, acyclic hydrocarbons production shrank to $X in 2020 estimated in export price. Overall, production, however, continues to indicate slight growth. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019, and then reduced in the following year.

Acyclic Hydrocarbons Exports

Exports in Africa

In 2020, overseas shipments of acyclic hydrocarbons increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2020 and are likely to see gradual growth in the near future.

In value terms, acyclic hydrocarbons exports fell modestly to $X in 2020. In general, exports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

South Africa represented the largest exporter of acyclic hydrocarbons in Africa, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2020. It was distantly followed by Libya (X tons), creating a X% share of total exports. Algeria (X tons) held a little share of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2020. At the same time, Libya (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2020. By contrast, Algeria (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Libya and South Africa increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest acyclic hydrocarbons supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Libya ($X), with a X% share of total exports.

From 2012 to 2020, the average annual growth rate of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Libya (X% per year) and Algeria (X% per year).

Export Prices by Country

In 2020, the export price in Africa amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price saw a mild downturn. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was Libya ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced a decline in the export price figures.

Acyclic Hydrocarbons Imports

Imports in Africa

In 2020, the amount of acyclic hydrocarbons imported in Africa fell significantly to X tons, which is down by X% against 2019 figures. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons imports reduced remarkably to $X in 2020. In general, imports recorded a abrupt slump. 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 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Morocco (X tons), distantly followed by Egypt (X tons), Nigeria (X tons), Algeria (X tons) and Libya (X tons) represented the key importers of acyclic hydrocarbons, together creating X% of total imports. The following importers - Sudan (X tons) and South Africa (X tons) - each resulted at a X% share of total imports.

From 2012 to 2020, the biggest increases were recorded for Nigeria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Egypt ($X) and Nigeria ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

In terms of the main importing countries, Nigeria, with a CAGR of X%, saw 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 2020, increasing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Sudan ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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