Africa: Market for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) 2024

Market Size for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in Africa

The African diols and polyhydric alcohols market expanded notably to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Production of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in Africa

In value terms, diols and polyhydric alcohols production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Exports in Africa

In 2022, shipments abroad of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, diols and polyhydric alcohols exports rose markedly to $X in 2022. Over the period under review, exports saw a noticeable descent. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Kenya (X tons), mixing up a X% share of total exports. Egypt (X tons), Ghana (X tons) and Uganda (X tons) held a minor share of total exports.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol). At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Uganda experienced a relatively flat trend pattern. By contrast, Ghana (X%) and Kenya (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kenya (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, diols and polyhydric alcohols exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kenya (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Imports in Africa

After two years of decline, overseas purchases of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, diols and polyhydric alcohols imports surged to $X in 2022. Total imports indicated perceptible 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Nigeria was the key importing country with an import of around X tons, which accounted for X% of total imports. South Africa (X tons) ranks second in terms of the total imports with a X% share, followed by Egypt (X%), Tunisia (X%) and Morocco (X%). The following importers - Ghana (X tons) and Kenya (X tons) - each amounted to a X% share of total imports.

Nigeria was also the fastest-growing in terms of the diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) and Morocco (X%) displayed positive paces of growth. Kenya and South Africa experienced a relatively flat trend pattern. By contrast, Egypt (X%) and Tunisia (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.), Tunisia (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest diols and polyhydric alcohols importing markets in Africa were Nigeria ($X), South Africa ($X) and Egypt ($X), together comprising X% of total imports.

Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to 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, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Tunisia ($X per ton), while Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform