Africa: Derivatives Of Hydrocarbons Market 2024

Derivatives Of Hydrocarbons Market Size in Africa

The African derivatives of hydrocarbons market contracted to $X in 2022, which is down by X% against the previous year. In general, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Derivatives Of Hydrocarbons Production in Africa

In value terms, derivatives of hydrocarbons production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Derivatives Of Hydrocarbons Exports

Exports in Africa

Derivatives of hydrocarbons exports soared to X tons in 2022, rising by X% compared with the previous year's figure. Overall, exports, however, showed a drastic downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, derivatives of hydrocarbons exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Egypt (X tons) and South Africa (X tons) were the major exporters of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in Africa, together accounting for near X% of total exports. It was distantly followed by Nigeria (X tons) and Tunisia (X tons), together achieving a X% share of total exports. Mauritius (X tons) took a relatively small share of total exports.

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

In value terms, Egypt ($X), South Africa ($X) and Tunisia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

In terms of the main exporting countries, Tunisia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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

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

Derivatives Of Hydrocarbons Imports

Imports in Africa

Derivatives of hydrocarbons imports contracted to X tons in 2022, with a decrease of X% on 2021 figures. Overall, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, derivatives of hydrocarbons imports expanded sharply to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the largest importer of derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in Africa, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Ghana (X tons) held the second position in the ranking, followed by Libya (X tons), Egypt (X tons), Zimbabwe (X tons) and Zambia (X tons). All these countries together took approx. X% share of total imports. Algeria (X tons), Angola (X tons), Mauritius (X tons) and Mozambique (X tons) followed a long way behind the leaders.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Libya (X%), Algeria (X%), Ghana (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Libya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Mozambique experienced a relatively flat trend pattern. By contrast, Egypt (X%), Zimbabwe (X%), Angola (X%) and Mauritius (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Libya (X p.p.), Ghana (X p.p.), Zambia (X p.p.) and Algeria (X p.p.) significantly strengthened its position in terms of the total imports, while Angola and Mauritius saw its share reduced by 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 ($X) constitutes the largest market for imported derivatives of hydrocarbons other than containing only sulpho-, nitro-, or nitroso groups in Africa, comprising X% of total imports. The second position in the ranking was held by Libya ($X), with an X% share of total imports. It was followed by Algeria, with a X% share.

In South Africa, derivatives of hydrocarbons imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Libya (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, increasing by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price 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, derivatives of hydrocarbons import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Algeria ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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