Africa: Azo- Or Azoxy-Compounds Market 2024

Azo- Or Azoxy-Compounds Market Size in Africa

The African azo- or azoxy-compounds market reduced modestly to $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Azo- Or Azoxy-Compounds Production in Africa

In value terms, azo- or azoxy-compounds production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Azo- Or Azoxy-Compounds Exports

Exports in Africa

In 2022, approx. X tons of diazo-, azo- or azoxy-compounds were exported in Africa; reducing by X% on the year before. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, azo- or azoxy-compounds exports shrank rapidly to $X in 2022. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Morocco (X tons) was the major exporter of diazo-, azo- or azoxy-compounds, comprising X% of total exports. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by South Africa (X%). Cote d'Ivoire (X kg) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds exports from Morocco stood at X%. At the same time, South Africa (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) and Cote d'Ivoire (X%) illustrated a downward trend over the same period. Morocco (X p.p.), Senegal (X p.p.) and South Africa (X p.p.) significantly strengthened its position in terms of the total exports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Morocco ($X) remains the largest azo- or azoxy-compounds supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Senegal ($X), with a X% share of total exports. It was followed by South Africa, with an X% share.

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

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated slight 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, azo- or azoxy-compounds export price decreased by X% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 Cote d'Ivoire ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Azo- Or Azoxy-Compounds Imports

Imports in Africa

In 2022, purchases abroad of diazo-, azo- or azoxy-compounds decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a mild decrease. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, azo- or azoxy-compounds imports reached $X in 2022. The total import 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 throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) represented the key importer of diazo-, azo- or azoxy-compounds, committing X% of total imports. Egypt (X tons) took the second position in the ranking, followed by Cote d'Ivoire (X tons), Morocco (X tons), Senegal (X tons) and Kenya (X tons). All these countries together took approx. X% share of total imports. Rwanda (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to azo- or azoxy-compounds imports into Nigeria stood at X%. At the same time, Rwanda (X%), Senegal (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire and Egypt experienced a relatively flat trend pattern. By contrast, Kenya (X%) illustrated a downward trend over the same period. Morocco (X p.p.), Senegal (X p.p.), Rwanda (X p.p.), Egypt (X p.p.) and Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total imports, while Kenya and Nigeria saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X), Egypt ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Morocco, Senegal, Kenya and Rwanda lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Rwanda, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, surging by X% against the previous year. Import price indicated a pronounced expansion 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, azo- or azoxy-compounds import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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