Africa: Alcohols Market 2024

Alcohols Market Size in Africa

The African alcohols market totaled $X in 2020, standing approx. at the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Alcohols Production in Africa

In value terms, alcohols production contracted to $X in 2020 estimated in export price. Overall, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

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Alcohols Exports

Exports in Africa

Alcohols exports dropped notably to X tons in 2020, which is down by X% against the previous year's figure. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, alcohols exports shrank rapidly to $X in 2020. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, namely Egypt, Equatorial Guinea and South Africa, represented more than two-thirds of total export. It was distantly followed by Libya (X tons) and Algeria (X tons), together generating a X% share 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 South Africa (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest alcohols supplying countries in Africa were South Africa ($X), Egypt ($X) and Equatorial Guinea ($X), together comprising X% of total exports.

South Africa, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per ton in 2020, shrinking by X% against the previous year. Overall, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices hit record highs 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 South Africa ($X per ton), while Equatorial Guinea ($X per ton) was amongst the lowest.

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

Alcohols Imports

Imports in Africa

In 2020, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by X% to X tons, falling for the second consecutive year after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, alcohols imports contracted markedly to $X in 2020. Over the period under review, imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2020, the growth of imports failed to regain momentum.

Imports by Country

South Africa (X tons) and Egypt (X tons) represented roughly X% of total imports in 2020. It was distantly followed by Nigeria (X tons), comprising an X% share of total imports. The following importers - Kenya (X tons), Angola (X tons), Cote d'Ivoire (X tons), Tunisia (X tons), Tanzania (X tons), Morocco (X tons), Ghana (X tons), Democratic Republic of the Congo (X tons) and Zambia (X tons) - together made up X% of total imports.

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

In value terms, Egypt ($X), South Africa ($X) and Nigeria ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports. Kenya, Cote d'Ivoire, Tunisia, Morocco, Angola, Ghana, Tanzania, Zambia and Democratic Republic of the Congo lagged somewhat behind, together accounting for a further X%.

Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the import price in Africa amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, 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 Morocco ($X per ton), while Angola ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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