Africa: Aromatic Alcohols Market 2024

Aromatic Alcohols Market Size in Africa

The African aromatic alcohols market shrank slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Aromatic Alcohols Production in Africa

In value terms, aromatic alcohols production shrank to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Aromatic Alcohols Exports

Exports in Africa

In 2022, after three years of growth, there was significant decline in shipments abroad of aromatic alcohols and their derivatives, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then contracted markedly in the following year.

In value terms, aromatic alcohols exports shrank remarkably to $X in 2022. Over the period under review, exports, however, recorded modest growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

South Africa was the largest exporting country with an export of about X tons, which recorded X% of total exports. Togo (X tons) took the second position in the ranking, distantly followed by Angola (X tons). All these countries together held near X% share of total exports. Cameroon (X tons), Swaziland (X tons) and Tanzania (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Angola (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest aromatic alcohols supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Togo ($X), with a X% share of total exports. It was followed by Swaziland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Togo (X% per year) and Swaziland (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, which is down by X% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Swaziland ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (X%), while the other leaders experienced a decline in the export price figures.

Aromatic Alcohols Imports

Imports in Africa

In 2022, the amount of aromatic alcohols and their derivatives imported in Africa plummeted to X tons, which is down by X% on the previous year. In general, imports saw a mild shrinkage. The growth pace was the most rapid in 2015 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, aromatic alcohols imports contracted markedly to $X in 2022. Overall, imports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) and South Africa (X tons) were the main importers of aromatic alcohols and their derivatives in Africa, together finishing at approx. X% of total imports. Democratic Republic of the Congo (X tons) ranks next in terms of the total imports with an X% share, followed by Nigeria (X%). Senegal (X tons), Algeria (X tons), Kenya (X tons), Morocco (X tons), Congo (X tons) and Tunisia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic Republic of the Congo (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), South Africa ($X) and Algeria ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nigeria, Tunisia, Morocco, Kenya, Senegal, Democratic Republic of the Congo and 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 2022, the import price in Africa amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :