Africa: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Africa

The African aromatic hydrocarbons derivatives market expanded rapidly to $X in 2022, surging by X% against the previous year. The total consumption indicated a remarkable increase 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, consumption increased by X% against 2018 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Aromatic Hydrocarbons Derivatives Production in Africa

In value terms, aromatic hydrocarbons derivatives production totaled $X in 2022 estimated in export price. The total output value 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 most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Exports

Exports in Africa

Aromatic hydrocarbons derivatives exports soared to X tons in 2022, growing by X% against the year before. In general, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives exports soared to $X in 2022. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. Nigeria (X tons) followed a long way behind the leaders.

South Africa was also the fastest-growing in terms of the halogenated derivatives of aromatic hydrocarbons exports, with a CAGR of X% from 2012 to 2022. Nigeria (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, aromatic hydrocarbons derivatives exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Aromatic Hydrocarbons Derivatives Imports

Imports in Africa

In 2022, purchases abroad of halogenated derivatives of aromatic hydrocarbons was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbons derivatives imports contracted to $X in 2022. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

South Africa (X tons) and Nigeria (X tons) prevails in imports structure, together creating X% of total imports. It was distantly followed by Kenya (X tons), creating an X% share of total imports. The following importers - Algeria (X tons), Egypt (X tons) and Ghana (X tons) - together made up X% of total imports.

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

In value terms, the largest aromatic hydrocarbons derivatives importing markets in Africa were Nigeria ($X), South Africa ($X) and Kenya ($X), together accounting for X% of total imports. Ghana, Egypt and Algeria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Ghana, with a CAGR of X%, recorded the highest growth rate of 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, shrinking by X% against the previous year. In general, the import price continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

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

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

Source: IndexBox Platform

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