Africa: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Africa

The African cyclic hydrocarbons market amounted to $X in 2022, remaining constant against the previous year. In general, consumption saw a slight decline. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Cyclic Hydrocarbons Production in Africa

In value terms, cyclic hydrocarbons production declined to $X in 2022 estimated in export price. In general, production recorded a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cyclic Hydrocarbons Exports

Exports in Africa

In 2022, approx. X tons of cyclic hydrocarbons were exported in Africa; flattening at 2021 figures. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cyclic hydrocarbons exports dropped to $X in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Algeria (X tons) was the largest exporter of cyclic hydrocarbons, constituting X% of total exports. Nigeria (X tons) ranks second in terms of the total exports with a X% share, followed by South Africa (X%).

Exports from Algeria increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) and South Africa (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Algeria, Nigeria and South Africa increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Algeria stood at X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

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

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

Cyclic Hydrocarbons Imports

Imports in Africa

In 2022, imports of cyclic hydrocarbons in Africa contracted to X tons, which is down by X% on the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, cyclic hydrocarbons imports soared to $X in 2022. Total imports indicated mild growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) was the key importer of cyclic hydrocarbons, generating X% of total imports. It was distantly followed by Nigeria (X tons), Egypt (X tons), Morocco (X tons) and Cote d'Ivoire (X tons), together generating a X% share of total imports. The following importers - Tunisia (X tons) and Kenya (X tons) - together made up X% of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of cyclic hydrocarbons. At the same time, Egypt (X%), Cote d'Ivoire (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Kenya and Morocco experienced a relatively flat trend pattern. By contrast, Tunisia (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Nigeria (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Tunisia, Morocco and South Africa saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported cyclic hydrocarbons in Africa, comprising X% of total imports. The second position in the ranking was held by Nigeria ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Kenya ($X per ton), while Cote d'Ivoire ($X per ton) and Nigeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :